Deutsche Bank Ups Bemis To Buy (BMS)

Deutsche Bank upgraded shares of Bemis Co. BMS today to Buy. It also raised the price target from $30 to $36 on Bemis shares. The reasoning behind the upgrade is that Deutsche Bank expects Bemis to have strong margin expansion after the company increased its size in the food and beverage market. This is a result of acquiring Alcan Packaging's Food Americas. Share of Bemis are currently trading at $30.86, up 32 cents.