Wolfe Research initiated coverage of Ball Corp. with a Peer Perform rating as part of a broader research note on Chemicals, Agriculture and Packaging names. North America de-stocking headwinds are tailing off in the first half of the year, though acute consumer risks remain in Europe, the analyst tells investors in a research note. Lingering effects of material Bud Light boycott should result in some choppiness entering 2024, though these should abate throughout the year, Wolfe added.
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