Ardagh Metal Packaging price target lowered to $3.90 from $4.10 at BofA

BofA lowered the firm’s price target on Ardagh Metal Packaging (AMBP) to $3.90 from $4.10 and keeps an Underperform rating on the shares. Packaging and paper/forest stocks have come under renewed pressure, as the stocks have declined 15% relative to the market since June 30, notes the analyst, who sees a “mixed” Q3 ahead for the group.