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Fly News Breaks for February 12, 2019
LABL
Feb 12, 2019 | 08:25 EDT
Baird analyst Ghansham Panjabi said the Q3 results for Multi-Color will likely weigh on the shares, but he believes the risk/reward in the low $40's remains skewed to the upside. He said his price target is aside from the company getting a buyout, as he sees them with a faster end-market growth profile in a consolidating industry. Panjabi said he would be a buyer on the weakness and he reiterated his Outperform rating and $55 price target on Multi-Color shares.
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