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Fly News Breaks for June 8, 2016
COT
Jun 8, 2016 | 07:53 EDT
Canaccord raised its price target on Cott Corp. to $23 from $18 following its announcement of a definitive share purchase agreement to acquire Eden Springs. The firm sees it as an opportunity to transform from heavy exposure in declining beverage categories to one focused on beverage markets with higher margins and higher growth. Canaccord reiterated its Buy rating on Cott Corp. shares.
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