Deutsche Bank Nudges Up Bemis To Buy

Deutsche Bank has upgraded Bemis BMS to “buy” from “hold.” The investment firm has also raised its price target for BMS to $36 from $30. Deutsche Bank expects the company’s margins to expand significantly going forward. Bemis has recently purchased Food Americas arm of Alcan Packaging, which has substantially increased its scale in the food and beverage market. Shares of BMS were up 0.65% to $30.74 at 10:47 am. Read more from Benzinga's Company news.