Ardagh Metal Packaging S.A. (AMBP)

Ardagh Metal Packaging S.A. (AMBP) stock dropped by 5.03% due to a notable rating downgrade from Barclays. This downgrade impacted the stock's performance and was accompanied by important insights from the financial research firm. Barclays, in a research report issued to its clients and investors on Monday, downgraded Ardagh Metal Packaging from an Overweight rating to an Equal weight rating. This shift in the rating was noted as a key factor in the stock's decline. Barclays also provided a new price target of $4.00 for the stock, suggesting a potential upside of 5.82% from the company's current stock price.

Ardagh Metal Packaging (AMBP) shares are trading lower 8.36% to $3.51 after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $5 to $4. In the first quarter, Ardagh Metal Packaging showed an EPS of $0.01, compared to $0.08 from the year-ago quarter.

https://www.benzinga.com/analyst-ratings/upgrades/23/07/33168522/benzingas-top-ratings-upgrades-downgrades-for-july-10-2023