Ball Corp. price target lowered to $71 from $74 at RBC Capital

RBC Capital lowered the firm’s price target on Ball Corp. (BALL) to $71 from $74 and keeps an Outperform rating on the shares. The firm notes that scanner data indicates continued low single-digit beverage can growth, adding that it expects hedging and regional aluminum sourcing to mitigate Arun-related disruptions, the analyst tells investors in a research note. RBC is also positive on the company benefiting from its outsized exposure to energy and new capacity coming on the line in the second half of the year.