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BMS

Bemis

$49.51

0.12 (0.24%)

, BERY

Berry Global

$45.77

-0.07 (-0.15%)

06:48
08/15/18
08/15
06:48
08/15/18
06:48

Bemis upgraded to Sector Perform at RBC Capital on expected Amcor deal approval

As reported earlier, RBC Capital analyst Arun Viswanathan upgraded Bemis to Sector Perform from Underperform and raised his price target to $54 from $44, saying that while he is cautious about the company's food packaging business, he expects the previously announced acquisition by Amcor to be approved by all parties with minimal divestitures. The analyst further states that the two companies are highly complementary and the combination should yield about $180M in synergies. Viswanathan also likes Berry Global (BERY) and Graphic Packaging Holding (GPK) based on their attractive valuation.

BMS

Bemis

$49.51

0.12 (0.24%)

BERY

Berry Global

$45.77

-0.07 (-0.15%)

GPK

Graphic Packaging

$14.30

0.19 (1.35%)

  • 06

    Nov

BMS Bemis
$49.51

0.12 (0.24%)

04/02/18
BOFA
04/02/18
UPGRADE
Target $50
BOFA
Buy
Bemis upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst George Staphos upgraded Bemis two notches to Buy from Underperform and trimmed its price target to $50 from $53 saying shares have lagged the group. Staphos' discussions indicate both management and employees view improving performance as "imperative" and sees efforts to optimize manufacturing capacity and reduce SG&A costs as ultimately delivering better results. Further, The analyst notes traditional flexible packaging volumes have improved early in the year.
08/07/18
UBSW
08/07/18
DOWNGRADE
Target $54
UBSW
Neutral
Bemis downgraded to Neutral from Buy at UBS
UBS analyst Edlain Rodriguez downgraded Bemis (BMS) to Neutral following Amcor's offer to acquire the company. The analyst raised his price target for the shares to $54 from $52, which reflects a 50/50 blend of his standalone Bemis target of $52 and the implied current deal price of $55. Rodriguez says the closest plastic packaging peers to Bemis are Sealed Air (SEE), Berry Global (BERY) and Sonoco Products (SON).
05/18/18
JEFF
05/18/18
INITIATION
Target $46
JEFF
Hold
Bemis initiated with a Hold at Jefferies
Jefferies analyst Daniel Rizzo started Bemis with a Hold rating and $46 price target. The analyst is cautious on the company's long-term organic growth profile.
08/15/18
RBCM
08/15/18
UPGRADE
RBCM
Sector Perform
Bemis upgraded to Sector Perform from Underperform at RBC Capital
BERY Berry Global
$45.77

-0.07 (-0.15%)

05/04/18
BARD
05/04/18
NO CHANGE
Target $65
BARD
Outperform
Berry Global shares appear oversold, says Baird
Baird analyst Ghansham Panjabi said weak volumes and an unfavorable cost/spread continue to weigh on Berry Global shares, but at this point the shares appear oversold. The analyst believes its free cash flow and volume outlook are move favorable and he sees pricing pressures easing over the next 2-3 quarters. Panjabi reiterated his Outperform rating and lowered his price target to $65 from $70 on Berry Global shares.
05/04/18
WELS
05/04/18
NO CHANGE
Target $69
WELS
Outperform
Berry Global selloff brings attractive entry point, says Wells Fargo
Wells Fargo analyst Christopher Manuel believes the 8% selloff yesterday in shares of Berry Global Group creates a "dislocation" and attractive entry point. The company is well positioned to deliver $700M-plus of free cash flow in fiscal 2019, Manuel tells investors in a research note. While Berry is facing near-term inflationary headwinds across most of its business, the company is out aggressively implementing non-material price increases as well as activity managing the business to preserve its low-cost supplier position, the analyst contends. He keeps an Outperform rating on the shares with a slightly reduced $69 price target.
05/18/18
JEFF
05/18/18
INITIATION
Target $67
JEFF
Buy
Berry Global initiated with a Buy at Jefferies
Jefferies analyst Daniel Rizzo started Berry Global Group with a Buy rating and $67 price target. The company has one of the highest free cash flow profiles in Packaging, and deleveraging returning cash should drive a multiple expansion, Rizzo tells investors in a research note.
GPK Graphic Packaging
$14.30

0.19 (1.35%)

06/15/18
BARD
06/15/18
NO CHANGE
Target $18
BARD
Outperform
Graphic Packaging raised to Fresh Pick at Baird
Baird analyst Ghansham Panjabi raised Graphic Packaging to Fresh Pick as he sees a combination of improving industry fundamentals, a self-improvement dynamic to the investment profile, and an offensive bias toward free cash flow allocation. Panjabi reiterated his Outperform rating and $18 price target on Graphic Packaging shares.
05/10/18
SPHN
05/10/18
NO CHANGE
Target $23
SPHN
Overweight
Graphic Packaging doesn't share customers' growth problems, says Stephens
Stephens analyst Mark Connelly blames recent pressure on shares of Graphic Packaging on the growth struggles evidenced by some of its big Consumer Packaged Goods customers. However, he points out that Graphic Packaging is not sharing in those growth problems, noting that it has seen four quarters of volume growth as it replaces big brand volume with business from smaller, faster growth clients. He sees the selling pressure as a buying opportunity and maintains an Overweight rating and $23 price target on Graphic Packaging shares.
05/17/18
KEYB
05/17/18
NO CHANGE
KEYB
Graphic Packaging announced another price increase, says KeyBanc
After successfully raising coated recycled paperboard prices by $50 per ton in February-March, Graphic Packaging (GPK) announced another $50 per ton increase yesterday effective June 15, KeyBanc analyst Adam Josephson tells investors in a research note, citing RISI. Sources told RISI that WestRock (WRK) is likely to also announce a $50 per ton increase for June, the analyst adds. Josephson believes boxboard industry conditions are "quite healthy at the moment."
05/18/18
JEFF
05/18/18
INITIATION
Target $20
JEFF
Buy
Graphic Packaging initiated with a Buy at Jefferies
Jefferies analyst Daniel Rizzo started Graphic Packaging with a Buy rating and $20 price target. The analyst sees the acquisition of International Paper's North American consumer packaging business as helping to drive multiple expansion.

TODAY'S FREE FLY STORIES

NVS

Novartis

$88.06

-0.2 (-0.23%)

12:53
01/23/19
01/23
12:53
01/23/19
12:53
Periodicals
Novartis preparing for 'doomsday' scenario in cancer treatment, BI reports »

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MSG

Madison Square Garden

$271.84

-2.105 (-0.77%)

12:52
01/23/19
01/23
12:52
01/23/19
12:52
Hot Stocks
Madison Square Garden shares could be worth as much as $350, Gabelli says »

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  • 01

    Feb

GFF

Griffon

$13.01

-0.165 (-1.25%)

, ENR

Energizer

$45.35

0.07 (0.15%)

12:51
01/23/19
01/23
12:51
01/23/19
12:51
Hot Stocks
Griffon, Energizer mentioned as stock picks by Mario Gabelli »

Mario Gabelli is speaking…

GFF

Griffon

$13.01

-0.165 (-1.25%)

ENR

Energizer

$45.35

0.07 (0.15%)

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  • 05

    Feb

CVE

Cenovus Energy

$7.53

-0.21 (-2.71%)

12:50
01/23/19
01/23
12:50
01/23/19
12:50
Options
Cenovus Energy call buyers adding to positions opened yesterday »

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TLRA

Telaria

$3.22

0.03 (0.94%)

12:47
01/23/19
01/23
12:47
01/23/19
12:47
Recommendations
Telaria analyst commentary  »

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UNP

Union Pacific

$153.04

-1.96 (-1.26%)

, BMY

Bristol-Myers

$49.85

0.14 (0.28%)

12:44
01/23/19
01/23
12:44
01/23/19
12:44
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

UNP

Union Pacific

$153.04

-1.96 (-1.26%)

BMY

Bristol-Myers

$49.85

0.14 (0.28%)

LUV

Southwest

$50.34

-0.2 (-0.40%)

MKC

McCormick

$138.12

-0.6 (-0.43%)

FCX

Freeport McMoRan

$12.27

-0.11 (-0.89%)

GWW

Grainger

$297.04

-3.37 (-1.12%)

AAL

American Airlines

$31.98

-0.77 (-2.35%)

HBAN

Huntington Bancshares

$13.41

-0.1 (-0.74%)

TXT

Textron

$48.78

0.35 (0.72%)

JBLU

JetBlue

$17.09

-0.27 (-1.56%)

AEP

American Electric

$77.02

0.67 (0.88%)

TAL

TAL Education

$31.07

-0.15 (-0.48%)

03/08/13
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  • 24

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    May

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    May

TLRA

Telaria

$3.22

0.03 (0.94%)

, DIS

Disney

$110.31

-0.24 (-0.22%)

12:42
01/23/19
01/23
12:42
01/23/19
12:42
Periodicals
Telaria named programmatic partner of record by Hulu, AdWeek reorts »

Hulu, which is owned by…

TLRA

Telaria

$3.22

0.03 (0.94%)

DIS

Disney

$110.31

-0.24 (-0.22%)

FOX

21st Century Fox

$48.47

0.09 (0.19%)

FOXA

21st Century Fox

$48.74

0.05 (0.10%)

CMCSA

Comcast

$36.30

1.14 (3.24%)

CMCSK

Comcast

$0.00

(0.00%)

T

AT&T

$30.75

0.145 (0.47%)

03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

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  • 30

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  • 05

    Feb

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    Feb

  • 03

    Mar

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    Mar

TXN

Texas Instruments

$95.37

-1.17 (-1.21%)

, CCI

Crown Castle

$109.40

0.25 (0.23%)

12:42
01/23/19
01/23
12:42
01/23/19
12:42
Earnings
Notable companies reporting after market close »

Notable companies…

TXN

Texas Instruments

$95.37

-1.17 (-1.21%)

CCI

Crown Castle

$109.40

0.25 (0.23%)

LVS

Las Vegas Sands

$57.00

0.01 (0.02%)

F

Ford

$8.30

-0.21 (-2.47%)

XLNX

Xilinx

$88.48

-1.96 (-2.17%)

LRCX

Lam Research

$138.60

-1.22 (-0.87%)

CTXS

Citrix

$107.79

-0.45 (-0.42%)

URI

United Rentals

$115.11

-3.08 (-2.61%)

FFIV

F5 Networks

$157.63

0.48 (0.31%)

TER

Teradyne

$31.65

-0.15 (-0.47%)

STL

Sterling Bancorp

$18.04

-0.39 (-2.12%)

SLM

Sallie Mae

$9.40

0.01 (0.11%)

03/08/13
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03/06/13
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03/06/13
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    Oct

MBNKF

Metro Bank

$0.00

(0.00%)

12:41
01/23/19
01/23
12:41
01/23/19
12:41
Downgrade
Metro Bank rating change  »

Metro Bank downgraded to…

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INTC

Intel

$47.75

-0.56 (-1.16%)

12:40
01/23/19
01/23
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12:40
Options
Intel calls lead puts 5:1 ahead of earnings »

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  • 24

    Jan

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    Mar

CCS

Century Communities

$20.31

-0.18 (-0.88%)

12:37
01/23/19
01/23
12:37
01/23/19
12:37
Hot Stocks
Century Communities announces two new townhome communities in Lakewood »

Century Communities that…

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  • 07

    Feb

GOGO

Gogo

$3.84

0.01 (0.26%)

12:33
01/23/19
01/23
12:33
01/23/19
12:33
Periodicals
Gogo operational structure set to change, PaxEx reports »

Gogo CEO Oakleigh Thorn…

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  • 21

    Feb

  • 25

    Feb

AMZN

Amazon.com

$1,614.00

-20.15 (-1.23%)

12:33
01/23/19
01/23
12:33
01/23/19
12:33
Hot Stocks
Amazon tests new autonomous electric delivery system Scout »

In a blog posting, Sean…

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  • 23

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    Mar

TELL

Tellurian

$7.98

-0.21 (-2.56%)

12:30
01/23/19
01/23
12:30
01/23/19
12:30
Options
Bullish option play in Tellurian Inc as shares trim some recent gains »

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  • 10

    Feb

12:30
01/23/19
01/23
12:30
01/23/19
12:30
General news
Fed policy outlook: the next FOMC announcement is a week away »

Fed policy outlook: the…

PBR

Petrobras

$15.20

0.02 (0.13%)

12:29
01/23/19
01/23
12:29
01/23/19
12:29
Periodicals
Petrobras rejects EIG-backed offer for oil clusters, Reuters reports »

Petrobras has rejected…

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  • 10

    Feb

DIS

Disney

$110.08

-0.47 (-0.43%)

12:28
01/23/19
01/23
12:28
01/23/19
12:28
Hot Stocks
Gabelli sees Disney shares going to $150 over next few years »

Mario Gabelli is speaking…

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  • 05

    Feb

  • 03

    Mar

SBGI

Sinclair Broadcast

$30.08

0.53 (1.79%)

12:27
01/23/19
01/23
12:27
01/23/19
12:27
Hot Stocks
Gabelli looking at Sinclair Broadcast as 'potential idea' »

Mario Gabelli is speaking…

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PHUN

Phunware

$119.00

22 (22.68%)

12:26
01/23/19
01/23
12:26
01/23/19
12:26
Hot Stocks
Breaking Hot Stocks news story on Phunware »

Phunware Inc trading…

03/08/13
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03/06/13
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03/06/13
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12:25
01/23/19
01/23
12:25
01/23/19
12:25
Conference/Events
Cowen Internet & new media analyst to hold an analyst/industry conference call »

Internet & New Media…

12:25
01/23/19
01/23
12:25
01/23/19
12:25
Conference/Events
Cantor Fitzgerald pharma analysts to hold an analyst/industry conference call »

Analysts, along with Dr.…

TSLA

Tesla

$287.44

-11.36 (-3.80%)

12:23
01/23/19
01/23
12:23
01/23/19
12:23
Periodicals
Tesla reduced Model S, Model X production, Bloomberg says »

Bloomberg is citing a…

03/08/13
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  • 30

    Jan

BATRA

Liberty Braves Group

$26.10

0.11 (0.42%)

12:22
01/23/19
01/23
12:22
01/23/19
12:22
Hot Stocks
Gabelli reiterates Liberty Braves Group as stock pick on CNBC »

Mario Gabelli is speaking…

03/08/13
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PHUN

Phunware

$119.00

22 (22.68%)

12:21
01/23/19
01/23
12:21
01/23/19
12:21
Hot Stocks
Breaking Hot Stocks news story on Phunware »

Phunware Inc trading…

03/08/13
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03/06/13
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03/06/13
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LRN

K12

$27.24

1.42 (5.50%)

12:20
01/23/19
01/23
12:20
01/23/19
12:20
Recommendations
K12 analyst commentary  »

K12 price target raised…

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03/06/13
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