Ball Corp. price target raised to $65 from $52 at Wells Fargo

Wells Fargo raised the firm’s price target on Ball Corp. to $65 from $52 and keeps an Equal Weight rating on the shares. The analyst says “signs of green shoots” in Brazil and an earlier than expected Aero close supports the stock’s recent upward price move. However, the firm believes consistent growth in North America and Europe is key for the shares to move higher. Wells thinks beverage can fundamentals “appear to be turning a corner” in Brazil as disinflation sets in and volumes improve.