Citigroup Reinstates Neutral on Ball, Announces $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari reinstates coverage on Ball Corporation (NYSE:BALL) with a Neutral rating and sets a price target of $70.
March 27, 2024 | 5:23 pm
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NEUTRAL IMPACT
Citigroup analyst Anthony Pettinari reinstates coverage on Ball Corporation with a Neutral rating and a $70 price target.
The reinstatement of coverage by Citigroup with a Neutral rating and a specific price target provides investors with a professional assessment of BALL's current valuation and future prospects. The neutral rating suggests that Citigroup sees BALL as fairly valued at its current price, with the $70 price target indicating where the analyst believes the stock will move in the short term. This could lead to a neutral short-term impact on the stock as investors digest this new information and adjust their expectations accordingly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100