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Crown Holdings ( (CCK) ) just unveiled an update.
Crown Holdings, Inc. announced its intention to offer €500 million in senior unsecured notes through its subsidiary, Crown European Holdings S.A. The proceeds from this private placement will be used to redeem existing senior notes due in February 2026, along with covering related fees and expenses, which may impact the company’s financial strategy and debt management.
The most recent analyst rating on (CCK) stock is a Buy with a $106.00 price target. To see the full list of analyst forecasts on Crown Holdings stock, see the CCK Stock Forecast page.
Spark’s Take on CCK Stock
According to Spark, TipRanks’ AI Analyst, CCK is a Outperform.
Crown Holdings’ strong financial performance and positive earnings call guidance are significant strengths, driving the overall score. However, technical indicators suggest bearish momentum, and high leverage poses a risk, moderating the score.
To see Spark’s full report on CCK stock, click here.
More about Crown Holdings
Crown Holdings, Inc. operates in the packaging industry, focusing on the production of metal packaging products for consumer goods and industrial products, with a market focus on providing sustainable and innovative packaging solutions.
Average Trading Volume: 1,203,556
Technical Sentiment Signal: Buy
Current Market Cap: $11.02B
For detailed information about CCK stock, go to TipRanks’ Stock Analysis page.