Barclays Upgrades Ball to Overweight, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has upgraded Ball Corporation (NYSE:BALL) from Equal-Weight to Overweight and lowered the price target from $61 to $59.
October 11, 2023 | 12:19 pm
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Ball Corporation has been upgraded to Overweight from Equal-Weight by Barclays, although the price target has been lowered from $61 to $59.
The upgrade to Overweight indicates that Barclays sees potential for Ball Corporation's stock to outperform the market or its sector in the short term. However, the lowering of the price target suggests that Barclays has slightly reduced its expectations for the stock's future price. This could have a mixed impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100