Ball Corp. upgraded to Equal Weight from Underweight at Wells Fargo

Wells Fargo analyst Gabe Hajde upgraded Ball Corp. to Equal Weight from Underweight with a price target of $55, up from $52, following a news report that said Ball could monetize its Aerospace business for about $5B. While the firm remains cautious that consistent synchronized global beverrage can growth will materialize, the risk/reward is now more balanced given the potential for improved leverage, the analyst tells investors.