BofA Turns Bullish On This Metal Can Manufacturer

by Shivani Kumaresan, Benzinga Staff Writer

March 7, 2022 7:55 AM | 1 min read |

BofA analyst George Staphos upgraded Ball Corp BLL to Buy from Neutral with a price target of $108, up from $103, implying a 19.73% upside.
The analyst noted that increased momentum in North and Central America, and the next stages of the can growth story, are offsetting weakness in South America and the risks in Europe related to Russia.
Staphos added that EBIT of over $830 million is possible while further citing Ball's Aerospace segment potential and its ability to buy back stock when needed.
Price Action: BLL shares are trading higher by 0.35% at $90.52 in premarket on the last check Monday.