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AptarGroup price target raised to $170 from $162 at Wells Fargo

Wells Fargo raised the firm’s price target on AptarGroup (ATR) to $170 from $162 and keeps an Overweight rating on the shares. The firm notes the company posted a high-quality Q1 earnings beat with its largest profit contributor showing year-over-year growth and margin improvement on a tough comp despite the macro challenges. Wells continues to view AptarGroup as a solid compounder.

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