KeyBanc Downgrades Ball Corp (BLL) to Underweight Citing Valuation

KeyBanc downgraded Ball Corp (NYSE: BLL) from Sector Weight to Underweight with a price target of $36.00.

Analyst Adam Josephson believes the company is a high-quality business and expects the company's realized cost synergies from the acquisition of Rexam to be offset but industry pressures. The analyst sees little room for capital returns to shareholders over the coming months and expects the equity to underperform peers in 2018.

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 $40.81 yesterday.

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