As previously reported, BofA upgraded Ardagh Metal Packaging to Buy from Underperform with a price target of $5.10, up from $3.80, citing improving fundamental trends and valuation. In Packaging & Paper/Forest Products, the firm looks at relative quality, largely defined by earnings and volume growth, return on capital, valuation, and idiosyncratic catalysts if available, the analyst tells investors in a group preview note.
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