BMo Raise TargetBMO’s Stephen MacLeod increased his CCL Industries Inc. target to $90 from $84 with an “outperform” rating. The average is $86.90. “Our takeaways from Labelexpo Americas 2024 were positive – CCL remains well positioned and is one of the only players in the industry that has the financial wherewithal to take advantage of and benefit from many trends in the label industry, from consolidation to shifting & emerging technologies,” he said. “We believe CCL is a best-inclass company within the North American packaging group, with top quartile return metrics, leverage, margins, deserving of a premium valuation. We continue to believe CCL will be a multi-year compounder of value.”