Market Overview

UPDATE: JP Morgan Upgrades Ball Corporation to Overweight, Maintains PT at $42

JP Morgan raises its rating on Ball Corporation (NYSE: BLL) to Overweight from Neutral and maintains its price target of $42 per share as it ses the company to be a quality cash flow generator with below average risk.

Jp Morgan notes, "BLL has been a consistently strong performer over the past decade, a function of solid growth, margin improvement and capital deployment decisions. Looking to 2012, we see core growth benefiting from easier comps on the beverage can side, with some incremental help from emerging market expansion projects. Meanwhile, BLL's FCF yield is the highest in the peer group, with incremental opportunities from capital deployment should the company become more aggressive on the acquisition front."

BLL closed at $36.91 per share on Wednesday.

Posted-In: JP MorganUpgrades Price Target Pre-Market Outlook Markets Analyst Ratings

 

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