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Ardagh Metal Packaging price target raised to $5 from $4 at Citi

Citi raised the firm’s price target on Ardagh Metal Packaging (AMBP) to $5 from $4 and keeps a Buy rating on the shares. The firm is raising Q2 EBITDA estimates for all its covered beverage packagers by 2%-3% on average to reflect outperformance in North America and “modest help” from foreign exchange impacts, the analyst tells investors.

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