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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

CNI

Canadian National

$86.82

-1.86 (-2.10%)

06:59
09/25/18
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06:59
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    Sep

TGTX

TG Therapeutics

$9.25

0.2 (2.21%)

06:59
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Breaking Hot Stocks news story on TG Therapeutics »

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    Oct

RETA

Reata Pharmaceuticals

$90.96

3.4 (3.88%)

06:59
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Hot Stocks
Breaking Hot Stocks news story on Reata Pharmaceuticals »

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  • 01

    Oct

PLD

Prologis

$66.33

-1.19 (-1.76%)

06:58
09/25/18
09/25
06:58
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06:58
Conference/Events
Prologis management to meet with Morgan Stanley »

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P

Pandora

$8.98

-0.1 (-1.10%)

06:57
09/25/18
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06:57
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06:57
Downgrade
Pandora rating change  »

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  • 13

    Nov

BG

Bunge

$66.23

-0.52 (-0.78%)

06:57
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06:57
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Bunge analyst commentary  »

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IZEA

Izea

$1.57

-0.12 (-7.10%)

06:56
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06:56
Hot Stocks
Izea selected for influencer marketing program by Fortune 200 »

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TSM

TSMC

$44.93

0.83 (1.88%)

06:56
09/25/18
09/25
06:56
09/25/18
06:56
Periodicals
TSMC to construct new plant for advanced packaging technology, DigiTimes reports »

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EYEG

EyeGate

$0.35

-0.011 (-3.07%)

06:56
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06:56
Hot Stocks
EyeGate granted additional 180 days to comply with Nasdaq listing rules »

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NVDA

Nvidia

$265.72

2.28 (0.87%)

06:54
09/25/18
09/25
06:54
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06:54
Conference/Events
Nvidia management to meet with Evercore ISI »

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    Sep

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    Dec

FLR

Fluor

$59.05

-0.4 (-0.67%)

06:54
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09/25
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06:54
Hot Stocks
Fluor sells 50% stake in Seagreen Offshore Wind Farm to SSE Renewables »

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ARNA

Arena Pharmaceuticals

$42.80

-1.05 (-2.39%)

06:53
09/25/18
09/25
06:53
09/25/18
06:53
Recommendations
Arena Pharmaceuticals analyst commentary  »

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  • 01

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    Oct

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    Oct

IRM

Iron Mountain

$35.23

-0.69 (-1.92%)

06:53
09/25/18
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06:53
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06:53
Hot Stocks
Iron Mountain operations achieve renewable energy sources milestone »

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HUN

Huntsman

$28.20

-0.73 (-2.52%)

06:52
09/25/18
09/25
06:52
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06:52
Initiation
Huntsman initiated  »

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  • 27

    Sep

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    Nov

CADE

Cadence Bancorp

$26.51

-0.7 (-2.57%)

06:52
09/25/18
09/25
06:52
09/25/18
06:52
Initiation
Cadence Bancorp initiated  »

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  • 25

    Sep

DPLO

Diplomat Pharmacy

$19.15

-1.295 (-6.34%)

, GILD

Gilead

$75.63

0.12 (0.16%)

06:51
09/25/18
09/25
06:51
09/25/18
06:51
Recommendations
Diplomat Pharmacy, Gilead analyst commentary  »

Diplomat Pharmacy…

DPLO

Diplomat Pharmacy

$19.15

-1.295 (-6.34%)

GILD

Gilead

$75.63

0.12 (0.16%)

03/08/13
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  • 03

    Oct

KORS

Michael Kors

$66.71

-5.96 (-8.20%)

06:48
09/25/18
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06:48
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Breaking Hot Stocks news story on Michael Kors »

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TTD

Trade Desk

$139.30

-2.62 (-1.85%)

06:47
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  • 13

    Nov

SFIX

Stitch Fix

$41.31

0.93 (2.30%)

06:46
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  • 01

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XOXO

XO Group

$27.62

-0.26 (-0.93%)

06:45
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Breaking Hot Stocks news story on XO Group »

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GOLD

Randgold

$68.12

4.18 (6.54%)

, ABX

Barrick Gold

$11.03

0.55 (5.25%)

06:42
09/25/18
09/25
06:42
09/25/18
06:42
Downgrade
Randgold, Barrick Gold rating change  »

Randgold downgraded to…

GOLD

Randgold

$68.12

4.18 (6.54%)

ABX

Barrick Gold

$11.03

0.55 (5.25%)

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  • 25

    Sep

NVS

Novartis

$85.28

-0.18 (-0.21%)

06:41
09/25/18
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06:41
Periodicals
Novartis cuts jobs in UK, Switzerland, FT reports »

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  • 03

    Oct

FB

Facebook

$165.40

2.5 (1.53%)

, GOOG

Alphabet

$1,173.38

7.17 (0.61%)

06:40
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06:40
Periodicals
Report says technology giants deserve tougher regulation, WSJ reports »

Technology giants cannot…

FB

Facebook

$165.40

2.5 (1.53%)

GOOG

Alphabet

$1,173.38

7.17 (0.61%)

GOOGL

Alphabet Class A

$1,179.78

7.56 (0.64%)

AMZN

Amazon.com

$1,934.50

16.75 (0.87%)

TWTR

Twitter

$28.59

0.09 (0.32%)

AAPL

Apple

$220.79

3.14 (1.44%)

03/08/13
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  • 26

    Sep

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    Nov

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    Mar

EUXTF

Euronext

$0.00

(0.00%)

06:40
09/25/18
09/25
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06:40
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Euronext rating change  »

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MYGN

Myriad Genetics

$46.91

0.64 (1.38%)

06:39
09/25/18
09/25
06:39
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06:39
Conference/Events
Myriad Genetics management to meet with Stephens »

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  • 26

    Sep

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