Crown Holdings price target lowered to $78 from $93 at Wells Fargo

Wells Fargo analyst Gabe Hajde lowered the firm’s price target on Crown Holdings to $78 from $93 and keeps an Equal Weight rating on the shares. Crown Holdings continues to highlight a positive volume trajectory in North America and Brazil, while Europe and Asia remain pressured by weak consumers, the firm says. Given Wells’ view of downside risks to Europe and Asia-Pacific volumes, it remains cautious.