Raymond James analyst Matt Roberts upgraded Ball Corp. (BALL) to Outperform from Market Perform with a $73 price target The firm views the company as the most “buttoned up” on cost pass-throughs and hedges. It believes structural tailwinds for the beverage can continue to support “outsized growth” for Ball relative to its packaging peers. Ball has limited exposure to Asia and Middle East, making it the “cleanest story to underwrite near term with a predictable earnings profile,” the analyst tells investors in a research note.
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