Baird Upgrades Multi-Color Corp (LABL) to Outperform, Named 'Top Pick' in Packaging Cyclicals
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Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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Baird analyst Ghansham Panjabi upgraded Multi-Color Corp (NASDAQ: LABL) from Neutral to Outperform with a price target of $55.00.
The analyst comments "While there are no shortage of challenges for LABL near term (leverage/volume uncertainty), we believe that the valuation derating over the past 18 months more than accommodates the near-term risks—with investors underestimating the end -market stability, cash flow conversion, and the asset attractiveness in a consolidating industry."
For an analyst ratings summary and ratings history on Multi-Color Corp click here. For more ratings news on Multi-Color Corp click here.
Shares of Multi-Color Corp closed at $35.24 yesterday.
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