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March 18, 2016
Vertical Research Downgrades Bemis Company, Inc.
Bemis Company, Inc. (NYSE:BMS) was downgraded by analysts at Vertical Research from a “hold” rating to a “sell” rating in a report issued on Friday, The Fly reports.
A number of institutional investors recently added to or reduced their stakes in the company. Fox Run Management bought a new position in Bemis Company during the fourth quarter worth approximately $264,000. Curbstone Financial Management boosted its stake in Bemis Company by 105.4% in the fourth quarter. Curbstone Financial Management now owns 15,200 shares of the company’s stock worth $679,000 after buying an additional 7,800 shares in the last quarter. IBM Retirement Fund boosted its stake in Bemis Company by 8.1% in the fourth quarter. IBM Retirement Fund now owns 22,516 shares of the company’s stock worth $1,006,000 after buying an additional 1,695 shares in the last quarter.
Source: American Banking and Market News