Report
Charles Gross
EUR 101.80 For Business Accounts Only

Ball's acquisition of Rexam is likely to create value for shareholders.

While Ball is on track to incur more one-time costs than we had initially expected in 2017, underlying operating performance remained decent. Net sales grew roughly 6% year over year, while comparable operating income stayed nearly flat over the same period. Rebounding volumes in South America were almost entirely offset by a combination of hurricane impacts and weaker beer volumes in North America. We're leaving our $35 fair value estimate in place for narrow-moat Ball.
Beverage packaging in No...
Provider
Morningstar
Morningstar

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Analysts
Charles Gross

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