JPMorgan upgraded Ball Corp (NYSE:BALL) from Neutral to Overweight with a price target of $60.00.
The analyst noted that over a one-year period, the S&P 500 rose 25%, while Ball shares gained 3%. Year to date, the S&P 500 increased 8% and Ball shares rose 4%.
Beverage can industry supply and demand balances have tightened due to rationalization steps by major producers. Aluminum cans appear to be the preferred packaging medium by growing branded energy drink sellers.
Volumes for Ball in 2026 are likely to grow 3.5% to 4.0% year over year, assisted by the acquisition of Benepact in Europe and the start-up of the Millersburg, Oregon plant by mid-2026.
Wall Street analysts maintain a consensus Buy rating on the stock, with price targets ranging from $60 to $77.
