UPDATE: Barclays Downgrades Bemis Company Following Valuation Not Supported By Growth Trajectory
January 22, 2014 at 10:47 AM EST
In a report published Wednesday, Barclays analyst Scott Gaffner downgraded Bemis Company (NYSE: BMS ) to Underweight from Equal-weight, dropping its price target to $36.00, following valuation not supported by growth trajectory. According to the report, Above-average valuation combined with below-average earnings growth trajectory lead analysts to downgrade BMS to
