Crown Holdings price target raised to $109 from $100 at Barclays

Barclays raised the firm’s price target on Crown Holdings to $109 from $100 and keeps an Overweight rating on the shares. After a year of shipment declines and four years of volatility, 2024 should mark the return of beverage can names as steady compounders, the analyst tells investors in a research note. The firm forecasts low single digit industry volumes and low-double earnings growth, bolstered by supply-side discipline and excess cash return.