Citi analyst Anthony Pettinari raised the firm’s price target on Crown Holdings to $97 from $82 and keeps a Buy rating on the shares. The analyst also opened a "90-day catalyst watch" on the shares. He expects Crown could emphasize capital return and portfolio review opportunities following recent board changes. If management were to point to long-term capex of $600M-$700M, a willingness to review non-beverage can segments and upsize repurchases, it would be a positive catalyst for the stock, Pettinari tells investors in a research note.
Published first on TheFly
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