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Fly News Breaks for December 9, 2019
Dec 9, 2019 | 08:17 EDT
Baird analyst Ghansham Panjabi noted investors concerns about overcapacity which caused weakness in the packaging sector including Ball Corp. The analyst believes the concerns are overblown and recommend buying Ball on its recent weakness which has been ongoing for the past three months. He said the shares are now attractive on a multi-year basis. Panjabi reiterated his Outperform rating and $85 price target on Ball Corp. shares.
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