J.P. Morgan Reports Mixed Quarter For Ball

By Steven Anfield
Benzinga Staff Writer
July 29, 2011 8:27 AM

Symbols: BLL

Posted in: Analyst Color, Analyst Ratings

According to J.P. Morgan, Ball (NYSE: BLL) saw a mixed quarter.

J.P. Morgan said that the bar was high for BLL coming into the quarter, given recent strong performance, and the results were a modest miss, driven by weaker volumes in the key Americas beverage division. “While we have tweaked down our 2H outlook for lowered expectations in NA Food, we are maintaining our 2012-13 forecasts for now. We remain Neutral.”

Ball closed yesterday at $38.58.

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J.P. Morgan Reports Mixed Quarter For Ball

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