Barclays Downgrades Ball to Equal-Weight, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead downgraded Ball Corporation (NYSE:BALL) from Overweight to Equal-Weight but raised the price target from $66 to $71.
April 04, 2024 | 1:16 pm
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NEUTRAL IMPACT
Barclays downgraded Ball Corporation to Equal-Weight from Overweight, but increased the price target to $71 from $66.
The downgrade to Equal-Weight suggests a neutral outlook on Ball Corporation's stock, indicating that Barclays believes the stock might perform in line with the market. However, the increase in the price target from $66 to $71 suggests a positive view on the company's potential to grow its value, albeit at a slower pace than previously anticipated. This mixed signal could lead to short-term market uncertainty for BALL, as investors digest the implications of both the downgrade and the raised price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100