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Fly News Breaks for December 8, 2017
SLGN, BLL
Dec 8, 2017 | 05:43 EDT
KeyBanc analyst Adam Josephson downgraded both Ball Corp. (BLL) and Silgan Holdings (SLGN) to Underweight from Sector Weight on concerns about industry fundamentals and valuations. Both stocks are trading at close to all-time high multiples, Josephson tells investors in a research note. He notes that his estimates for both are below consensus for 2018. The analyst has a $36 price target for Ball and $25 price target for Silgan.
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