Silgan Holdings downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Silgan Holdings to Market Perform citing valuation and a lack of catalysts. The firm raised its price target for shares to $52-$55 from $50-$53.
Ball Corp. near deal to acquire Rexam, WSJ reports Ball Corp. (BLL) is close to acquiring Rexam (REXMY) in a deal that could be announced this week, Wall Street Journal reports, citing people familiar with the matter. The companies confirmed earlier this month that they were in merger talks. A combination would create the largest beverage-can maker in the world. Peers of Ball include Crown Holdings (CCK), Owens-Illinois (OI) and Silgan Holdings (SLGN). Reference Link