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UPDATE: Citigroup Downgrades Ball Corp

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Ball Corp. 8-K Clears Confusion, Provides Buying Opportunity

In a note released Friday, Citigroup analyst Anthony Pettinari downgraded shares of Ball Corp (NYSE: BLL) from Buy to Neutral and maintained a price target of $66.

Pettinari's downgrade comes amid the belief that current levels adequately reflect the stock's value.

"While we remain positive on management initiatives and see multi-year 10-15 percent EPS growth targets as achievable, much of the potential seems priced in," wrote Pettinari.

Latest Ratings for BLL

DateFirmActionFromTo
Jul 2016BarclaysInitiates Coverage onEqual-weight
Mar 2016JP MorganUpgradesNeutralOverweight
Dec 2015JefferiesUpgradesHoldBuy

View More Analyst Ratings for BLL
View the Latest Analyst Ratings

Posted-In: Anthony Pettinari CitigroupAnalyst Color Downgrades Price Target Analyst Ratings

 

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