Ball Corp. assumed with an Outperform at Credit Suisse » 15:0310/1610/16/20
Credit Suisse analyst…
Credit Suisse analyst Curt Woodworth assumed coverage of Ball Corp. with an Outperform rating and $105 price target. The analyst assumed coverage of the U.S. beverage can packaging sector with a "bullish" medium-term outlook. Ball has a proven track record in execution and has identified volume potential of another 20B cans net to the company by 2025, Woodworth tells investors in a research note. The analyst says Ball number one in earnings growth at 20% annual for the next five years.
Ball Corp. initiated with a Neutral at Seaport Global » 09:4310/1410/14/20
Seaport Global analyst…
Seaport Global analyst Salvator Tiano initiated coverage of Ball Corp. with a Neutral rating. Tiano foresees substitution benefits for substrates such as beverage cans and paper while also being of the view that plastics will continue to play an important role in the global supply chain.
|Over a week ago|
Ball Corp. price target raised to $91 from $80 at Goldman Sachs » 07:1410/0810/08/20
Goldman Sachs analyst…
Goldman Sachs analyst Brian Maguire raised the firm's price target on Ball Corp. to $91 from $80 and keeps a Buy rating on the shares following the company's investor day, which focused on significant medium-term beverage can growth. While Maguire believes management's target to drive $700M of EBIT growth from 2019-23 "is somewhat aspirational," and he forecasts 8% EBIT CAGR from 2019-22, the analyst acknowledges that upside to his and consensus estimates would likely drive stock price outperformance. Following the event, he has raised his 2020-22 EPS estimates, the analyst noted.
Ball Corp. upgraded to Outperform from Market Perform at BMO Capital » 05:0310/0810/08/20
BMO Capital analyst Mark…
BMO Capital analyst Mark Wilde upgraded Ball Corp. to Outperform from Market Perform with a price target of $107, up from $70. At its investor day on Tuesday, Ball made a "convincing case for value creating organic growth," Wilde tells investors in a research note. The beverage can market is experiencing "impressive growth" as global demand continues to improve, says the analyst. He believes Ball has proven "remarkably successful over time at allocating capital."
Ball Corp. price target raised to $100 from $85 at Baird » 07:5510/0710/07/20
Baird analyst Ghansham…
Baird analyst Ghansham Panjabi raised the firm's price target on Ball Corp. to $100 from $85 and keeps an Outperform rating on the shares. The analyst said the high quality algorithm driven by mid-single digit volume growth in context of a long-tailed opportunity set for the global beverage industry sums to an attractive earnings growth outlook for the company.
Ball Corp. price target raised to $88 from $80 at Barclays » 06:1810/0710/07/20
Barclays analyst Michael…
Barclays analyst Michael Leithead raised the firm's price target on Ball Corp. to $88 from $80 and keeps an Equal Weight rating on the shares. Between substrate share gains, new category introductions, and increased at-home consumption, Ball sees the global market for beverage cans growing mid-single digits per year, Leithead tells investors in a research note following the company's investor day.
Ball Corp. to hold a conference call hookup » 09:4510/0610/06/20
Conference call hookup to…
Conference call hookup to the Company's Investor Day will be held on October 6 at 10 am. Webcast Link
Ball Corp. price target raised to $91 from $78 at Deutsche Bank » 07:4410/0610/06/20
Deutsche Bank analyst…
Deutsche Bank analyst Debbie Jones raised the firm's price target on Ball Corp. to $91 from $78 and keeps a Buy rating on the shares ahead of the company's investor day. The focus is likely to center around growth and sustainability themes as Ball has moved well beyond having to dissect Rexam integration synergies, Jones tells investors in a research note.
|Over a month ago|
Ball Corp. price target raised to $91 from $87 at JPMorgan » 08:2009/1809/18/20
JPMorgan analyst Jeffrey…
JPMorgan analyst Jeffrey Zekauskas raised the firm's price target on Ball Corp. to $91 from $87 and keeps an Overweight rating on the shares. Ball's earnings and EBITDA should "grow more quickly" in 2021, Zekauskas tells investors in a research note. Aluminum cans in the United States are in short supply, and all major aluminum can manufacturers are adding capacity, says the analyst. He believes tight supply/demand conditions are leading to more favorable terms of trade as old contracts are renegotiated in an environment where customers have fewer options and incentives to switch suppliers.
Ball Aerospace selected by NASA for three studies to develop SLI technologies » 11:0209/1409/14/20
Ball Aerospace was…
Ball Aerospace was selected by NASA to move forward with three studies to develop and demonstrate innovative Sustainable Land Imaging technologies for potential use on future missions of the Landsat program, a series of Earth-observing satellite missions jointly managed by NASA and the U.S. Geological Survey that is entering its fifth decade of existence. The studies leverage previous SLI Technologies, including the Ball-built Operational Land Imager 2, which will fly on the Landsat 9 mission launching in 2021.