Loop Capital analyst Alton Stump raised the firm’s price target on Crown Holdings to $106 from $101 and keeps a Buy rating on the shares. The company reported a “solid” Q1 with better-than-expected volumes in North America and Europe, the analyst tells investors in a research note. The firm is also raising its 2024 EPS view by 6c to $5.97 to reflect the Q1 earnings beat.
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Read More on CCK:
- CROWN HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS
- Crown Holdings sees Q2 adjusted EPS $1.55-$1.65, consensus $1.56
- Crown Holdings backs FY24 adjusted EPS view $5.80-$6.20, consensus $5.98
- Crown Holdings reports Q1 adjusted EPS $1.02, consensus 96c
- Crown Holdings options imply 5.3% move in share price post-earnings