Ball Corp slips after BofA downgrades to 'neutral'

Ball

09/07/2025 14:46

** Shares of aluminum can maker Ball Corp BALL.N down 1.4% at $57.95 in early trading

** Brokerage BofA downgrades stock to "neutral" from "buy"; cuts PT to $66 from $67

** Says stock has lifted in recent months back to near $60, even though it might show more sluggish volume trends versus other beverage canmakers

** BofA also sees some deceleration from its exposure to beer, which is facing pressure, potential for higher aluminum prices and slowing promotional activity

** Average rating of 16 analysts is "buy"; with a median PT of $62 - data compiled by LSEG

** Up to last close, stock had risen 6.6% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))