Loop Capital analyst Alton Stump raised the firm’s price target on Crown Holdings to $128 from $112 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat in spite of the weaker-than-expected volumes in Asia and Europe. The management has also indicated that volumes in North America recovered from a high single-digit decline in April to mid single-digit growth in May and high single-digit growth in June as well as to date in July, the analyst tells investors in a research note.
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- Crown Holdings price target raised to $86 from $80 at Wells Fargo
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