Aptar's performance will strengthen under a renewed focus on cost restructuring.
Aptar's third quarter was consistent with our outlook for 2017. Beauty segment core sales bounced back at the fastest pace since the third quarter of last year, while sales growth remained strong in the food and beverage segment. Higher resin prices will weigh on margins, especially in beauty, through the remainder of the year. However, we think Aptar will be able to pass these on as we move into 2018. Overall performance remained in line with our expectations, and we've increased our fair value...
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