Ardagh Metal Packaging price target raised to $3.45 from $3.20 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Ardagh Metal Packaging (AMBP) to $3.45 from $3.20 and keeps an Equal Weight rating on the shares. The firm notes the company defied recent market sentiment with a strong beat and raise Q1, powering shares +30%. Guide implies a tougher second half of the year, which may be conservative, but the firm believes also acknowledges potential bev can headwinds.