Ardagh Metal Packaging shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $5 to $3.75. Also, Wells Fargo maintained an Equal-Weight rating on the stock and lowered its price target from $4.1 to $3.95.
Portfolio Pulse from Benzinga Newsdesk
Ardagh Metal Packaging shares are trading lower following downgrades from UBS and Wells Fargo. UBS downgraded the stock from Buy to Neutral and reduced its price target from $5 to $3.75. Wells Fargo maintained an Equal-Weight rating but lowered its price target from $4.1 to $3.95.
July 17, 2024 | 5:38 pm
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Ardagh Metal Packaging shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $5 to $3.75. Wells Fargo also lowered its price target from $4.1 to $3.95 while maintaining an Equal-Weight rating.
The downgrades and reduced price targets from UBS and Wells Fargo are likely to negatively impact investor sentiment and put downward pressure on AMBP's stock price in the short term.
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IMPORTANCE 80
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