Ardagh Metal Packaging price target lowered to $4 from $4.50 at Wells Fargo

Wells Fargo lowered the firm’s price target on Ardagh Metal Packaging (AMBP) to $4 from $4.50 and keeps an Equal Weight rating on the shares. The firm notes packaging stocks have largely lagged the broader market in Q3 as sluggish volumes are a key headwind. Though most companies are executing well, Wells is not sure an inflection is imminent.