Wells Fargo Starts Ball Corp (BLL) at Outperform; On A Roll And Building Momentum
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Price: $69.49 --0%
Rating Summary:
13 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
13 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Wells Fargo initiates coverage on Ball Corp (NYSE: BLL) with an Outperform. PT range $41-$44.
Wells analyst said, "We believe BLL is a well-run company with a high-quality asset base, focused operating strategy, practiced management team, and a stable platform to generate long-term earnings and cash flow growth of 10-15% annually. The company maintains a No. 1 franchise position in the North American beverage can market. BLL is also the No. 2 can manufacturer in Europe and South America, with significant exposure to fast-growing markets such as Brazil and China. With a number of growth initiatives starting to bear fruit, we expect the company could achieve $900+ million of operating cash flow and $600+ million of free cash flow by 2013. Lastly, BLL continues to maintain a solid backlog in the aerospace business and with consistent results despite budget and funding uncertainty."
For an analyst ratings summary and ratings history on Ball Corp click here. For more ratings news on Ball Corp click here.
Shares of Ball Corp closed at $37.79 yesterday.
Wells analyst said, "We believe BLL is a well-run company with a high-quality asset base, focused operating strategy, practiced management team, and a stable platform to generate long-term earnings and cash flow growth of 10-15% annually. The company maintains a No. 1 franchise position in the North American beverage can market. BLL is also the No. 2 can manufacturer in Europe and South America, with significant exposure to fast-growing markets such as Brazil and China. With a number of growth initiatives starting to bear fruit, we expect the company could achieve $900+ million of operating cash flow and $600+ million of free cash flow by 2013. Lastly, BLL continues to maintain a solid backlog in the aerospace business and with consistent results despite budget and funding uncertainty."
For an analyst ratings summary and ratings history on Ball Corp click here. For more ratings news on Ball Corp click here.
Shares of Ball Corp closed at $37.79 yesterday.
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