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Fly News Breaks for January 24, 2017
SLGN
Jan 24, 2017 | 07:30 EDT
As noted earlier, BMO Capital upgraded Silgan Holdings to Outperform from Market Perform. Analyst Mark Wilde is upbeat about the company's acquisition of WestRock's (WRK) home, health, and beauty business for $1.025B. He says that the unit fits well with Silgan's Closures division, has strong cash flows. and improves Silgan's growth outlook. Additionally, he thinks that synergies from the deal should exceed Silgan's $15M target. He raised his price target on Silgan to $65 from $56.
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