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.
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Read More on BALL:
- Sell Rating on Ball Due to Leadership Instability and Industry Challenges
- Ball Corp’s Strategic Leadership Transition and Earnings Growth Reaffirmation Support Buy Rating
- Ball Corporation Announces CFO Departure and Interim Appointment
- Ball Corp. announces departure of CFO Howard Yu, effective June 30
- Ball Corp. reaffirms comparable EPS growth outlook of 11%-14%
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