Ardagh Metal Packaging price target lowered to $2.75 from $4.25 at UBS

UBS analyst Joshua Spector lowered the firm’s price target on Ardagh Metal Packaging (AMBP) to $2.75 from $4.25 and keeps a Neutral rating on the shares. The firm expects Q4 earnings for North America Chemicals and Packaging to be challenging, but with the sector on average down 10% over the last month, this negativity may already be priced in, the analyst tells investors in a research note.