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Fly News Breaks for August 6, 2019
BLL
Aug 6, 2019 | 08:20 EDT
Morgan Stanley analyst Neel Kumar raised his price target on Ball Corp. shares to $87 from $71 following the company's Q2 results, which he views as further evidence of accelerating beverage can demand growth. With Q2 shipments up about 5%, this was "Ball's third consecutive quarter of exceptional volume growth," noted Kumar, who sees Ball as the key beneficiary of the structurally tight and oversold can market. He keeps an Overweight rating on Ball shares.
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