Ball Corp. price target raised to $54 from $50 at Wells Fargo

Wells Fargo raised the firm’s price target on Ball Corp. (BALL) to $54 from $50 and keeps an Underweight rating on the shares. The firm notes that while calendar Q2 started with high uncertainty for the Packaging & Containers industry, results tracked largely in line with expectations, with FX a boost to those exposed. Beverage cans are likely strongest performers, while “value seeking behavior” a key headwind, Wells adds.