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.