UPDATE: Deutsche Bank Raises PT on Cott Corporation from $10 to $11

Deutsche Bank maintained a Buy rating on Cott Corporation (NYSE: $COT) and raised its price target from $10 to $11. Deutsche Bank wrote, “With stable private label penetration, rational US soft drink category and pricing, cost savings and positive mix (through exit of case pack water) expanding margins and, in turn, free cash flow, we continue to like the company as an inexpensive small cap value story with attractive capital redeployment optionality, even if the easy money has already been made. Maintain Buy, raising target to $11 (from $10).” Cott Corporation closed at $8.53 on Friday.