巴克莱-美股-纸与包装行业-美国纸与包装行业：牛熊之辩-2018.2.16-33页

EquityResearchFebruary16,2018U.S.Paper&PackagingBull/BearDebatesU.S.Paper&PackagingScottL.Gaffner,CFA+12125269132Scott.Gaffner@barclays.comBCI,U.S.JohnR.Dunigan+12125262607John.Dunigan2@barclays.comBCI,U.S.BarclaysCapitalInc.and/oroneofitsaffiliatesdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.PLEASESEEANALYSTCERTIFICATIONSANDIMPORTANTDISCLOSURESBEGINNINGONPAGE26.2TableofContents?Page4:PlasticPackagingIndustry?Page5:AveryDennison?Page6:BemisCompany?Page7:BerryGlobalGroup?Page8:SealedAir?Page10-11:MetalCanandGlassIndustry?Page12:Ardagh?Page13:BallCorporation?Page14:C