RBC Capital analyst Arun Viswanathan raised the firm’s price target on Crown Holdings to $115 from $97 and keeps an Outperform rating on the shares after its Q2 results. The company’s Q3 guidance was below expectations but FY23 EBITDA guidance remains intact even if volumes do not materialize, the analyst tells investors in a research note. The firm remains positive on the stock given its overall customer and beverage category mix, RBC adds.
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