Market Overview

UPDATE: Deutsche Bank Downgrades Ball Corporation to Hold on Valuation

Related BLL
Ball Opens Aluminum Aerosol Can Plant In India
Top 4 Stocks In The Packaging & Containers Industry With The Highest Revenue
The Vetr community has downgraded $BLL to 4-Stars (Vetr)

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

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)

View Comments and Join the Discussion!

Get Benzinga's Newsletters