Market Overview

UPDATE: Deutsche Bank Downgrades Ball Corporation to Hold on Valuation

Related BLL
Ball Corporation Hits 52-Week High on Market Expansion - Analyst Blog
Top 4 NYSE Stocks In The Packaging & Containers Industry With The Highest Revenue

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.

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

 

Most Popular

Related Articles (BLL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free