UPDATE: JP Morgan Color on Ball Initiation

JP Morgan, which initiated coverage of Ball Corporation (NYSE: BLL), is providing some color on the stock.

“BLL has been a strong performer over the past decade, a function of solid growth, margin improvement and capital deployment decisions,” JP Morgan writes. “Looking ahead, we see core growth in line with rigid packaging peers', with some incremental help from emerging market expansion projects, while margins could be leveling off (albeit at a solid level).”

Ball closed Friday at $37.49.