| Over a week ago | ||||
Ball Corporation… Ball Corporation announced plans to build a new aluminum end manufacturing facility in Bowling Green, Kentucky. The facility is scheduled to begin production in early-2022 and expand over multiple years to create approximately 200 manufacturing jobs. "Our new Bowling Green, Kentucky, facility will provide aluminum end supply to Ball's expanding North American network of beverage can manufacturing plants. Bowling Green will join our industry-leading network of more than 20 North American plants, including two new beverage can manufacturing plants currently under construction in Glendale, Arizona, and Pittston, Pennsylvania, scheduled to start up in early- and mid-2021, respectively. These investments will align our end production with our beverage can capacity investments, and are supported by numerous long-term customer contracts to serve the unprecedented demand for sustainable aluminum packaging while furthering Ball's Drive for 10 vision for long-term success," said Colin Gillis, president, beverage packaging, North & Central America. | ||||
As reported previously,… As reported previously, Baird analyst Ghansham Panjabi downgraded Ball Corp. to Neutral from Outperform with a $105 price target. The analyst noted the shares outperformance over the past three years and sees limited upside potential from current valuation. | ||||
Baird analyst Ghansham… Baird analyst Ghansham Panjabi downgraded Ball Corp. to Neutral from Outperform with a $105 price target. | ||||
| Over a month ago | ||||
Hedgeye analyst Jay Van… Hedgeye analyst Jay Van Sciver added Ball Corp. to the firm's best ideas list as a short trade, according to Bloomberg. The analyst expects 30% underperformance for the stock, Bloomberg said. | ||||
In a regulatory filing,… In a regulatory filing, Ball Corp disclosed that its CFO Scott Morrison sold 30K shares of common stock on December 4th in a total transaction size of $2.82M. The sale represents about 6% of his total shares owned. | ||||
Consumer Goods Analyst Ng… Consumer Goods Analyst Ng holds a conference call with CEO Hayes and CFO Morrison on November 17 at 11:30 am hosted by Jefferies. | |
Wells Fargo analyst Gabe… Wells Fargo analyst Gabe Hajde raised the firm's price target on Ball Corp. to $100 from $80 and keeps an Equal Weight rating on the shares. The analyst notes that in Q3, the company's global beverage can demand shifted positive as regions across the globe recovered from COVID-19. Looking ahead, global beverage can requirements are expected to remain elevated given surging demand for various packaged beverages, Hajde adds. | |
Northland analyst Gus… Northland analyst Gus Richard raised the firm's price target on Ball Corp. to $99 from $83 and keeps an Outperform rating on the shares after the company reported non-GAAP EPS that beat his estimate. Ball is "aggressively" adding capacity to meet demand driven by COVID-19 and the stay-at-home trend, Richard noted following the company's earnings report. | |
Citi analyst Anthony… Citi analyst Anthony Pettinari raised the firm's price target on Ball Corp. to $112 from $104 and keeps a Buy rating on the shares following the company's Q3 results. Ball's demand outlook continues to surprise to the upside, Pettinari tells investors in a research note. | |
RBC Capital analyst Arun… RBC Capital analyst Arun Viswanathan raised the firm's price target on Ball Corp. to $112 from $84 and keeps an Outperform rating on the shares after its better than expected Q3 results. The analyst sees the company benefiting from new projects and "very high visibility" on earnings and free cash flow growth. Viswanathan further cites Ball Corp's increased bev can capacity additions, tailwinds in beverage packaging, increased at-home consumption, and the company's aerospace business growth. |