BMO Capital Upgrades Cott Corporation (COT) to Outperform

BMO Capital upgraded Cott Corporation (NYSE: COT) from Market Perform to Outperform with a price target of $17.00 (from $15.00).

Analyst Amit Sharma says visibility improved and Home/Office Delivery water/coffee business yields greater confidence in the company's ability to decrease exposure to structurally challenged private label categories such as CSD/juice in NA. Sharma expects the company will continue to "consistently generate doubledigit cash flow growth over the next 2-3 years, creating upside to its valuation multiple."

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

Shares of Cott Corporation closed at $14.00 yesterday.

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