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Fly News Breaks for March 31, 2016
REXMY, BLL
Mar 31, 2016 | 05:42 EDT
JPMorgan analyst Tyler Langton upgraded Ball Corporation (BLL) to Overweight saying the risk/reward into the acquisition of Rexam (REXMY) is "increasingly more favorable." Even if divestitures come in higher and synergies come in lower than Ball expects, the company can still achieve a return on its investment that exceeds its 9% threshold, Langton tells investors in a research note. He has a $79 price target for the shares.
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