Stifel analyst Daryl Young upgraded CCL Industries to Buy from Hold with a price target of C$79, up from C$65. While the firm says its upgrade “comes somewhat sheepishly on the heels of last week’s 16% share price increase” that followed Q4 results, it adds that the marked change in management’s tone and commentary that 2024 is shaping up to be the best outlook since 2017/2018 is “hard to ignore.”
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