Jefferies Maintains a 'Hold' on Bemis (BMS); 3Q11 Recap: Cost Cutting Should Help, But Volumes Likely to Remain Sluggish
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Price: $57.25 --0%
Rating Summary:
2 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Hold' on Bemis (NYSE: BMS) price target lowered from $33 to $29.
Jefferies analyst says, "We are lowering our 2011 and 2012 estimates to reflect the deceleration of volumes and reducing our PT to $29 to reflect the current backdrop. We remain comfortable with our Hold rating, and believe shares will trade sideways until BMS proves that it can reaccelerate volumes."
For more ratings news on Bemis click here and for the rating history of Bemis click here.
Shares of Bemis closed at $28.02 yesterday.
Jefferies analyst says, "We are lowering our 2011 and 2012 estimates to reflect the deceleration of volumes and reducing our PT to $29 to reflect the current backdrop. We remain comfortable with our Hold rating, and believe shares will trade sideways until BMS proves that it can reaccelerate volumes."
For more ratings news on Bemis click here and for the rating history of Bemis click here.
Shares of Bemis closed at $28.02 yesterday.
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