Market Overview

UPDATE: J.P. Morgan Downgrades AptarGroup on High-Quality Story, Lack of Near-Term Upside

Share:
Related ATR
6 Notable Stocks Trading Ex-Dividend Monday, October 31
Best-Kept Secrets? Jim Cramer's 6 Stocks That Could Be Huge Winners By December

In a report published Wednesday, J.P. Morgan analyst Phil Gresh downgraded the rating on AptarGroup (NYSE: ATR) from Overweight to Neutral, and lowered the price target from $66.00 to $65.00.

In the report, J.P. Morgan noted, “Following reasonably good share price performance YTD versus packaging peers, we are downgrading ATR to Neutral from Overweight on a modest reduction in our estimates and price target. While we continue to see ATR as a high-quality story in the packaging space with likely the highest long-term growth potential, near-term upside looks more dependent on a still choppy macro environment as we lap Stelmi acquisition accretion benefits in 3Q. Looking ahead to 2014, our estimates now basically mirror consensus, with balanced risks, in our view.”

AptarGroup closed on Tuesday at $61.09.

Latest Ratings for ATR

DateFirmActionFromTo
Oct 2016Vertical ResearchUpgradesSellHold
Oct 2016JefferiesInitiates Coverage OnHold
Sep 2016BairdMaintainsNeutral

View More Analyst Ratings for ATR
View the Latest Analyst Ratings

Posted-In: J.P. Morgan Phil GreshAnalyst Color Downgrades Analyst Ratings

 

Related Articles (ATR)

View Comments and Join the Discussion!