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Fly News Breaks for October 4, 2018
BLL
Oct 4, 2018 | 09:39 EDT
BMO Capital analyst Mark Wilde raised his price target on Ball Corp to $52 and kept his Outperform rating after its analyst day update maintained its FY19 targets of $2B EBITDA and $1B in free cash flows. The analyst also notes that the management's tone was "more confident" and "less defensive" as it highlighted opportunities from its beverage can strategy increasing global penetration while also benefiting from a "dramatic" ramp-up in Aerospace segment activity where contracted order backlog has tripled since the end of 2015.
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