BofA raised the firm’s price target on Crown Holdings (CCK) to $107 from $106 and keeps a Buy rating on the shares. The firm continues to have Crown rated Buy on its relative valuation, solid volumes, improving returns, and potential for strategic action over time. While the company is guiding to $350M of net interest expense for next year, BofA believes that additional buybacks could keep this a touch higher. The firm noted that its newly raised estimates result in the price target increase.
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