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.
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