Baird analyst Ghansham Panjabi lowered the firm’s price target on Crown Holdings to $85 from $90 and keeps a Neutral rating on the shares. The firm said while it is becoming clearer that 2024 will be another transition year for the beverage can producers given muted volumes on a global basis, discrete nuances specific to Crown Holdings are magnifying the latter, summing to roughly flattish EPS growth on a year-over-year basis.
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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
