Ardagh Metal Packaging shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $5 to $4.
Portfolio Pulse from Benzinga Newsdesk
Ardagh Metal Packaging's stock has been downgraded from Buy to Neutral by B of A Securities, which also lowered its price target from $5 to $4. This has resulted in the company's shares trading lower.
July 10, 2023 | 3:45 pm
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Ardagh Metal Packaging's stock has been downgraded by B of A Securities, leading to a decrease in its share price.
The downgrade from B of A Securities from Buy to Neutral indicates a less optimistic outlook for the company, which can lead to selling pressure among investors. Additionally, the lowering of the price target from $5 to $4 suggests that the firm sees less upside potential in the stock, which can also negatively impact investor sentiment.
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