Ball Corp. downgraded to Hold from Buy at Jefferies Jefferies downgraded Ball Corp. citing valuation and market share loss in the North American beverage can business. The firm keeps a $49 price target for shares.
News For BLL From The Last 14 Days
Check below for free stories on BLL the last two weeks.
Ball Corp. sees positives on the specialty side of beverage business Speaking at the Wells Fargo conference, Ball Corp.'s CFO Scott Morrison noted positives on the specialty side of beverage business. Another positive on the beverage side of the business has been growth in Brazil as new capacity came on line in Q1. China volumes have also been a positive but pricing is not yet where they want it in that country. Europe is growing but the company has cost issues which they are working out with a restructuring of European plant operations.