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Fly News Breaks for December 1, 2015
COT
Dec 1, 2015 | 08:02 EDT
Canaccord analyst Derek Dley initiated Cott Crop with a Buy rating and $15 price target on shares. Dley said management has transformed Cott from a business operating in a declining legacy industry into a higher growth, higher-margin business with the ability to generate meaningful free cash flow. Additionally, the company has a strong pipeline of potential tuck-in acquisitions which should allow it to consolidate a highly fragmented HOD water industry.
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