Jefferies Maintains a 'Hold' on Bemis (BMS); 2013 Looks Promising, But Near-Term Looks Challenging

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BMS Hot Sheet

Rating Summary:
1 Buy, 6 Hold, 2 Sell

Rating Trend: Down

Down

Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38

Jefferies maintains a 'Hold' on Bemis (NYSE: BMS) price target raised $1 to $30.

Jefferies analyst says, "While we like the moves that mgmt is taking on cost cutting and footprint expansion, it's a 2013 event and underlying trends in its core business remain challenging. With the shares already trading with a full multiple and a lack of organic growth, we remain comfortable with our rating."

For an analyst ratings summary and ratings history on Bemis click here. For more ratings news on Bemis click here.

Shares of Bemis closed at $31.58 yesterday, with a 52 week range of $27.21-$34.40.

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