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UPDATE: Deutsche Bank Downgrades Ball Corporation to Hold on Valuation

Related BLL
Earnings Scheduled For November 2, 2017
Benzinga's Top Upgrades, Downgrades For October 23, 2017

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

Nov 2017BairdMaintainsNeutral
Oct 2017UBSInitiates Coverage OnBuy
Oct 2017RBC CapitalInitiates Coverage OnOutperform

View More Analyst Ratings for BLL
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Posted-In: Deutsche BankAnalyst Color Downgrades Intraday Update Analyst Ratings


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