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Fly News Breaks for September 28, 2018
COT
Sep 28, 2018 | 06:45 EDT
JPMorgan analyst Peter Grom added Cott Corp. to his firm's Analyst Focus List saying he sees "plenty of room" for shares to outperform through the balance of 2018 and into 2019. The analyst sees improved visibility for both 2018 and 2019 EBITDA after Cott issued a presentation that discussed the company's broader strategy and underlying trends. Further, the shares are still trading at a 19% discount to route-based peers, Grom tells investors in a research note. He keeps an Overweight rating on the stock with a $21 price target.
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