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Fly News Breaks for December 3, 2015
REXMY, BLL
Dec 3, 2015 | 06:48 EDT
Wells Fargo analyst Christopher Manuel upgraded Ball Corp. (BLL) to Outperform saying the potential $2.5B in divestitures clears the way for the acquisition of Rexam (REXMY) to close in mid-2016. Ball's current valuation represents an attractive entry point, Manuel tells investors in a research note. He raised his price target range for shares to $78-$82 from $66-$68.
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