Crown Holdings price target raised to $105 from $96 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm’s price target on Crown Holdings to $105 from $96 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company continues to manage the price/cost environment as seen with improved margins, has a diverse category mix to offset macro headwinds, and should generate strong free cash flows in FY24 to reduce its debt or buy back stock, the analyst tells investors in a research note.