Market Overview

UPDATE: Deutsche Bank Downgrades Ball Corporation to Hold on Valuation

Share:
Related BLL
Earnings Scheduled For January 28, 2016
Benzinga's Top Upgrades
Compounders: The Allure Of Beautiful Share Prices (Seeking Alpha)

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
Dec 2015JefferiesUpgradesHoldBuy
Dec 2015Wells FargoUpgradesMarket PerformOutperform
Nov 2015MacquarieUpgradesNeutralOutperform

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