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April 6, 2016
BMO Capital Markets Downgraded Bemis Company, Inc. (BMS) to market perform
Bemis Company, Inc. (NYSE:BMS) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Wednesday, The Fly reports. They currently have a $52.00 target price on the stock. BMO Capital Markets’ price target indicates a potential downside of 1.10% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities analysts have also issued reports about the stock. Citigroup Inc. raised their target price on shares of Bemis Company from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, January 29th. Barclays raised shares of Bemis Company from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $39.00 to $45.00 in a research report on Friday, January 8th. Deutsche Bank reaffirmed a “hold” rating and set a $45.00 target price on shares of Bemis Company in a research report on Sunday, January 31st. Zacks Investment Research raised shares of Bemis Company from a “sell” rating to a “hold” rating in a research report on Thursday, January 28th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Bemis Company in a research report on Thursday, March 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Bemis Company has an average rating of “Hold” and an average target price of $48.30.
Source: American Banking and Market News