Ball Corp. price target raised to $67 from $60 at Truist

Truist raised the firm’s price target on Ball Corp. to $67 from $60 and keeps a Hold rating on the shares. The company’s Q1 performed better than expected in its beverage can segments, though this was partly offset by weaker-than-expected Other Non-Reportable performance, the analyst tells investors in a research note. Ball Corp’s Q2 EBITDA in North & Central America beverage packaging should improve sequentially on seasonally higher volumes during the key summer selling season, in addition to improved fixed cost absorption and effective risk management, the firm added.