Ball Corp. upgraded to Outperform from Neutral at Mizuho

Mizuho upgraded Ball Corp. (BALL) to Outperform from Neutral with an unchanged price target of $67. Ball is the global leader in beverage cans, is buying back shares, and has financially de-risked its balance sheet, the analyst tells investors in a research note. The firm says that despite recent “misplaced” concerns about pricing and volume, it does not believe the company’s earnings are at risk, or that its fundamentals have changed. The recent pullback in the shares represents a good buying opportunity and an attractive entry point, contends Mizuho.