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Fly News Breaks for January 5, 2016
SLGN
Jan 5, 2016 | 07:11 EDT
Baird analyst Ghansham Panjabi upgraded Silgan Holdings (SLGN) to Outperform and increased its price target to $60 from $55 on shares. Following three years of relative underperformance, Panjabi expects Silgan shares to benefit from several 2016 catalysts resulting from industry consolidation and other strategic options available to management. The analyst believes Silgan could acquire Ball Corp's (BLL) metal beverage can assets and exit its plastic containers business, underlying favorable risk/reward.
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