KeyBanc Upgrades AptarGroup (ATR) to Buy; Enhanced Organic Growth Prospects

KeyBanc upgraded AptarGroup (NYSE: ATR) from Hold to Buy. PT $60.

KeyBanc analyst said, "We are upgrading our rating on shares of ATR as we believe organic growth will remain elevated over the next 2-3 years driven by: 1) the organization realignment and resulting cross-selling benefits; 2) new business wins in the Food & Bev market accommodated by the new U.S. manufacturing facility; 3) growth in pain medications in the pharma business; and 4) the potential for bolt-on acquisitions of technology that can be leveraged across ATR's system."

For more ratings news on AptarGroup click here and for the rating history of AptarGroup click here.

Shares of AptarGroup closed at $50.40 yesterday.

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