Bemis (BMS) Declares $0.3 Quarterly Dividend; 2.7% Yield

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Bemis (BMS) PT Lowered to $40 at Jefferies; Reiterates Hold

May 2, 2017 9:29 AM EDT

Jefferies lowered its price target on Bemis (NYSE: BMS) to $40.00 (from $46.00) while maintaining a Hold rating. After falling short of volume projections in U.S. Packaging the past couple years, management is undertaking a restructuring effort to realign its cost structure for 1-2% annual... More