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Fly News Breaks for January 23, 2017
WRK, SLGN
Jan 23, 2017 | 14:47 EDT
As previously reported, BofA Merrill Lynch analyst George Staphos upgraded Silgan Holdings (SLGN) to Buy from Underperform after the company's agreement to acquire WestRock's (WRK) specialty closures and dispensing systems business, which he sees as a good fit and highly accretive for free cash flow. The deal could change investor views of Silgan, said Staphos, who raised his price target on the stock to $66 from $54.
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