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UPDATE: Citigroup Downgrades Bemis to Neutral on Earnings Risk

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Citigroup reduced its rating on Bemis (NYSE: BMS) from Buy to Neutral and lowered its price target from $36 to $34.

Citigroup noted, "We are assuming coverage of BMS with a Neutral rating, downgrading from Citi's previous Buy rating. While the company has the potential to significantly grow cash in 2013-14 through optimization of its asset base, sluggish volume growth and commodity inflation in the food markets BMS is exposed to creates earnings risk."

Bemis closed at $30.48 on Monday.

Latest Ratings for BMS

DateFirmActionFromTo
Sep 2014MacquarieMaintainsNeutral
Sep 2014BMO CapitalInitiates Coverage onMarket Perform
Sep 2014BMO CapitalInitiates Coverage onMarket Perform

View More Analyst Ratings for BMS
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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