Bullboard - Stock Discussion Forum CCL Industries Ord Shs Class A T.CCL.B

Primary Symbol: T.CCL.A Alternate Symbol(s): CCLLF | CCDBF

Consumer Cyclical Packaging & Containers

CCL Industries Inc. is a Canada-based company, which is primarily involved in the manufacture of labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates and specialty films. The Company's segments include CCL, Avery, Checkpoint and Innovia. CCL segment is a converter of pressure sensitive and specialty extruded film materials for a range of... see more

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TSX:CCL.A - Post Discussion

CCL Industries Ord Shs Class A > BMo Raise Target

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Post by retiredcf on Sep 12, 2024 11:11am

BMo Raise Target

BMO’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.”