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Fly News Breaks for June 8, 2016
REX, BLL, SLGN
Jun 8, 2016 | 08:39 EDT
As noted earlier, BMO Capital downgraded Silgan Holdings (SLGN) to Market Perform from Outperform. The firm had predicated its Outperform rating on the stock on the company's acquisition of assets being sold by Ball Corp (BLL).and REX American Resources (REX). BMO Capital downgraded Silgan as this scenario failed to materialize, as Ardagh acquired the divested assets. Silgan target to $47 from $58.
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