Truist lowered the firm’s price target on Crown Holdings to $100 from $117 but keeps a Buy rating on the shares. The company performed better than expected in Americas Beverage and Asia Pacific, though the firm’s price target cut reflects slightly lower multiples and a weaker growth outlook than initially expected, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CCK:
- Crown Holdings price target lowered to $96 from $105 at Mizuho
- Crown Holdings falls 11% to $78.75 after Q4 results, FY24 outlook miss estimates
- CROWN HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- Crown Holdings ceases operations at beverage can facilities in Ho Chi Minh City
- Crown Holdings sees FY24 adjusted EPS $5.80-$6.20, consensus $6.80