B of A Securities Downgrades Ardagh Metal Packaging to Neutral, Lowers Price Target to $4
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst George Staphos has downgraded Ardagh Metal Packaging (NYSE:AMBP) from Buy to Neutral and lowered the price target from $5 to $4.
July 10, 2023 | 11:36 am
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NEGATIVE IMPACT
Ardagh Metal Packaging's stock rating has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $4.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Ardagh Metal Packaging. The lowered price target from $5 to $4 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100