Some brokers have CCL as a "Sell" recommendation at the moment also so this may be contributing to the current SP weakness.
CCL have reaffirmed profit guidance (7-8% YOY growth 2nd), are well managed, have a great track record and have brands that others cannot match. This is a big buy at $11. I don't expect it to stay here for long. The retail environment negative sentiment is also impacting CCL but am not sure that is a fair thing?
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