UPDATE: Jefferies Raises PT to $36 on Bemis Company on Execution

Jefferies reiterated its Buy rating on Bemis Company BMS and raised the price target from $34.00 to $36.00. Jefferies commented, "We have been impressed with the execution of the restructuring effort and mgmt's laser focus on price, but given the rally in the stock already, we believe most of the good news is reflected in the stock price already." Bemis Company closed at $35.68 on Friday.