UPDATE: Citi Downgrades Ball Corp

In a note released Friday, Citi analyst, Anthony Pettinari downgraded shares of Ball Corp 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.
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Posted In: Analyst ColorNewsDowngradesPrice TargetAnalyst RatingsAnthony PettinariCitigroup
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