Wells Fargo analyst Gabe Hajde raised the firm’s price target on Crown Holdings to $86 from $80 and keeps an Equal Weight rating on the shares. The firm notes Crown Holdings is controlling the narrative with strong commercial execution in Europe Bev, share gains in NA bev, and aggressive cost-out measures in Transit. Still, Wells views risk/reward as balanced given tepid industry demand across all key bev can markets.
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Read More on CCK:
- Crown Holdings price target raised to $110 from $95 at Barclays
- CROWN HOLDINGS, INC. REPORTS SECOND QUARTER 2023 RESULTS
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