Mizuho lowered the firm’s price target on Crown Holdings to $96 from $105 and keeps a Buy rating on the shares. The company’s Q4 earnings shortfall was due to under-absorption of fixed costs and lower equity earnings, the analyst tells investors in a research note. The firm cites lower earnings estimates for the target drop.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CCK:
- CROWN HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- CCK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Crown Holdings initiated with a Buy at UBS
- Crown Holdings price target raised to $109 from $100 at Barclays
- Crown Holdings price target raised to $117 from $106 at Truist
