UPDATE: Citigroup Downgrades Ball Corp
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
|Aug 2016||Vertical Research||Downgrades||Buy||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.