In a report released today, Philip Ng from Jefferies reiterated a Buy rating on Ball Corp (NYSE:BLL), with a price target of $86. The company’s shares closed last Friday at $71.41. The analyst upgraded his rating following the Ball’s completion of Rexam PLC REXMY for approximately $6.1 billion of cash and equity. It is now the world’s largest manufacturer of beverage cans.
According to TipRanks.com, Ng is a top 100 analyst with an average return of 15.8% and a 73.9% success rate. Ng covers the Consumer Goods sector, focusing on stocks such as Orchids Paper Products Company, Graphic Packaging, and Sonoco Products.
Ball Corp has an analyst consensus of Moderate Buy, with a price target consensus of $86