Owens-Illinois & Ball Corp. To Perform Well (BLL, CCK, OI)

In the 30-day period ending on July 6, 2010, the packaging sector outperformed the S&P 500 by 2.9%. It gained 0.4% in absolute terms. In its report covering the sector, JPMorgan has expressed its hope that the company is expected to make decent earnings in 2Q. However, it has lowered its 2010 EPS for Owens-Illinois Inc. OI estimates from $3.27 to $3.10. The downward revision has been carried out to reflect FX changes and lower than expected volume and the Venezuelan currency crisis. The company has given an "outperformer" rating to Ball Corporation BLL, Crown Holdings Inc. CCK and Owens-Illinois Inc.