Ball Corp. price target raised to $69 from $65 at Wells Fargo

Wells Fargo raised the firm’s price target on Ball Corp. to $69 from $65 and keeps an Equal Weight rating on the shares. Overall, the bev-can narrative is inflecting more positive, as demonstrated by better-than-expected demand in both North America and EMEA, the firm says. Balance sheet and shareholder return are also positive, Wells adds. The firm believes that for now, this is reflected at current valuation and risks remain.