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Fly News Breaks for June 23, 2017
BMS
Jun 23, 2017 | 08:31 EDT
As noted earlier, BMO Capital upgraded Bemis to Outperform from Market Perform. After meeting with the company's CFO, analyst Mark Wilde says that the company will probably announce a restructuring initiative within the next two weeks, while new business wins should boost its volumes in 2H17 and 2018. The analyst adds that he expects the company's bottom line to be boosted by cost cutting this year. Target to $52 from $48.
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