Crown Holdings price target raised to $95 from $88 at Truist

Truist analyst Michael Roxland raised the firm’s price target on Crown Holdings to $95 from $88 and keeps a Hold rating on the shares. In Q2, the company’s Americas Beverage volumes increased 10% y/y due to North America growth of about 9% y/y and Brazil at about 12% y/y, the analyst tells investors in a research note. Truist adds however that it remains neutral on the name given its demand growth profile in North America relative to peers and lack of opportunities to gain market share.