Ball Corp. price target lowered to $48 from $54 at Wells Fargo

Wells Fargo analyst Gabe Hajde lowered the firm’s price target on Ball Corp. (BALL) to $48 from $54 and keeps an Underweight 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.