BofA analyst George Staphos upgraded Ardagh Metal Beverage (AMBP) to Buy from Neutral with a price target of $6, up from $5.60, as he reset his positioning in packaging, paper and forest products ahead of 2023. For Ardagh, he said he believes a good amount of the bad news is "in" the beverage can stocks he covers and he aligned his rating with Buy-rated Ball (BALL) and Crown (CCK).
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Published first on TheFly