Added to Top Picks listFrom Globe this morning, quoting IA report:
For Supremex, he has “buy” rating and $8.50 target, matching the consensus on the Street.
“Supremex, a major North American player in envelopes and specialty packaging solutions, was listed as a notable name to watch in our past Top Picks updates,” said Mr. Linsdell. “Driven by strong earnings growth, M&A potential in packaging, and active share buybacks, the stock has had a great run YTD but still trades at very low multiples. We now select SXP as our second Top Pick as it has managed to turn a secular declining envelope business into a growth driver while remaining active on acquisitions in the packaging space.”