Barclays analyst Michael Leithead downgraded Ball Corp. to Equal Weight from Overweight with a price target of $71, up from $66, as part of a Q1 earnings preview for the chemicals and packaging group. A modest recovery emerging, but this is against valuations at multi-year highs, the analyst tells investors in a research note. The firm thinks the “early cycle playbook” continues to support the space but it “getting more selective” in its stock picks.
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