BofA Securities Downgrades Ball Corp (BALL) to Underperform

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BofA prefers value in the packaging & paper sector, upgrades Pactiv Evergreen and Brady Corp

January 2, 2024 1:54 PM EST

Analysts at Bank of America adjusted their rating for some packaging and paper/forest products stocks in a note to clients Tuesday, stating they prefer value, cyclicals, and turnarounds.

The firm upgraded shares of Pactiv Evergreen (NASDAQ: PTVE) and Brady Corp. (NYSE: BRC) to Buy based on their valuations and margin/earnings improvement. In... More