Ball Corp. price target lowered to $75 from $78 at Morgan Stanley

Morgan Stanley analyst Stefan Diaz lowered the firm’s price target on Ball Corp. (BALL) to $75 from $78 and keeps an Overweight rating on the shares. While stating “it may be too early to ring the ‘all clear’ bell,” the firm expects packaging demand to improve in 2025 on the back of moderating price increases from consumer packaged goods customers, increased promotional activity and abating destocking pressures. If the demand environment continues to normalize with inflation as the firm suspects, it sees an improved risk-reward set-up in 2025 across its packaging coverage, the analyst added.