BofA Securities lowered its rating on Ball Corporation (NYSE:BALL) from Buy to Neutral, trimming the price target slightly to $66. The downgrade comes as the stock edges back toward the $60 mark despite signs that its volume growth may lag behind other beverage can manufacturers.

Analysts pointed to several factors behind the more cautious stance. Ball's heavy exposure to the beer market, coupled with the possibility of rising aluminum prices, could lead to packaging shifts that hurt demand. Additionally, the usual post–July 4th slowdown in promotional activity may further contribute to softer performance in the coming months.

While the stock has recovered from earlier lows, BofA sees limited near-term upside given these headwinds and expects momentum to cool as the year progresses.