Metal & Glass Containers

According to J.P. Morgan, Ball (NYSE: BLL) saw a mixed quarter. J.P. Morgan said that the bar was high for BLL coming into the quarter, given recent strong performance, and the results were a modest miss, driven by weaker volumes in the key Americas beverage division. “While we have tweaked down...

J.P. Morgan Chase & Co. is out with a research report on Owens-Illinois, Inc. (NYSE: OI) and is lowering its price target to $29 from $32, and it has a Neutral rating after it reported earnings. In a note to clients, J.P. Morgan Chase & Co. writes, "Coming out of the 2Q pre-announcement,...

Jefferies & Co. is out with a research report on Owens-Illinois, Inc. (NYSE: OI) and it has a Buy rating and a $35 price target on shares. In a note to clients, Jefferies & Co. writes, "The sell off yesterday was sparked by concerns that as OI ramps capacity back online in N.A. (5% of its...

Jefferies is out with its report today on Ball (NYSE: BLL), lowering its PT from $48 to $46. In its report, Jefferies writes, "BLL is trading at 7.0x 2012E EV/EBITDA, a discount to its historical multiple (7.6x). We are lowering our PT to $46, based on 8.0x 2012E EV/EBITDA." Jefferies maintains...

Jefferies & Company has lowered the price target on Ball Corporation (NYSE: BLL) from $48 to $46 and maintains its Buy rating.

JP Morgan has lowered the price target on Owens-Illinois (NYSE: OI) from $32 to $29 and maintains its Neutral rating.

Silgan Holdings Inc. (Nasdaq: SLGN) announced today that it has successfully completed a new upsized senior secured credit facility which refinances its existing senior secured credit facility and provides greater flexibility with regard to its strategic initiatives. Deutsche Bank Securities Inc.,...

Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...

Ball Corp (NYSE: BLL) reported a strong rise in its second-quarter profit. Ball reported its quarterly profit at 143.1 million, or $0.84 per share, up from $69 million, or $0.37 per share, in the year-ago period. Its revenue climbed 15% to $2.31 billion. Analysts were expecting a profit of $0.86...

Astrazeneca PLC (NYSE: AZN) is expected to report its Q2 EPS at $1.80 on revenue of $8.19 billion. Exxon Mobil Corporation (NYSE: XOM) is projected to report its Q2 EPS at $2.33 on revenue of $121.39 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report its Q2 EPS at $0.55 on...

Shares of Owens-Illinois (NYSE: OI) are bid lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are bid $24.31, at $25.86; they ended the regular session lower by 3.62%, at $25.86. Owens-Illinois reported Q2 EPS of $0.59 on revenues of $1.96...

Owens-Illinois, Inc. (NYSE: OI) today announced the acquisition of VDL Company, a single-furnace glass container plant in Vergeze, France, effective August 1, 2011. The acquisition is the result of a new strategic relationship with Nestle Waters, the world's leading bottled water company. The...

Illinois Tool Works (NYSE: ITW) announces its next round of earnings this Tuesday, July 26, 2011. Get prepared with Benzinga's ultimate preview for Illinois Tool Works' second quarter earnings. Earnings and Revenue: Analysts are predicting a positive EPS reading of $1.02 per share and revenues of...

Deutsche Bank made a number of updates in a research report published today. Tractor Supply Co. (NASDAQ: TSCO) had its rating reiterated at Buy. At the same time, its price target was raised from $70 to $80. Johnson Controls (NYSE: JCI) had its rating reiterated at Hold...

AptarGroup, Inc. (NYSE: ATR) increased the quarterly dividend by 22% to $.22 per share, payable August 23, 2011 to shareholders of record as of August 2, 2011. The increase brings the annual dividend rate to $.88 per share, up from $.72 per share.