Market Overview

UPDATE: Deutsche Bank Downgrades Ball Corporation to Hold on Valuation

Share:
Related BLL
Ball Posts Lower Q1 Earnings
Owens-Illinois Downgraded At Longbow, But Why?

Deutsche Bank reduced its rating on Ball Corporation (NYSE: BLL) from Buy to Hold while reiterating its current $46 price target.

Deutsche Bank commented, "We regard Ball as among the steadiest and best-managed packaging companies. The company has returned considerable cash to shareholders over time and remains a solid free cash flow generator. Meanwhile, Ball has continued to expand its global packaging footprint. Ball's businesses are performing. Looking ahead, we think Ball is well positioned to grow FCF and earnings as a result of acquisitions, growing market share, prudent investment in emerging markets, and cost-saving initiatives. However, at current levels, the stock is trading above its historical trading averages. We see limited upside from current levels."

Ball Corporation closed at $45.07 on Friday.

Latest Ratings for BLL

DateFirmActionFromTo
Apr 2015CitigroupMaintainsNeutral
Mar 2015JefferiesMaintainsHold
Feb 2015JP MorganMaintainsNeutral

View More Analyst Ratings for BLL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (BLL)

Around the Web, We're Loving...