tiprankstipranks
Advertisement
Advertisement

Morgan Stanley expects beverage can producers to react negatively to tariff news

Morgan Stanley notes that President Trump announced a planned increase on Friday of aluminum tariffs from 25% to 50%, effective June 4. The firm expects beverage can producer stocks, including Ball Corp. (BALL), Crown Holdings (CCK) and Ardagh Metal Packaging (AMBP), to react negatively on the news, the analyst tells investors.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1