Crown Holdings reiterated as a Top Pick at Baird

Baird analyst Ghansham Panjabi said while 2024 has been marred by whacky guidance, which either is a function of limited visibility or the nature of the current operating environment and related uncertainty, they believe that the strong 2Q24 earnings report should nonetheless catalyze positive mean reversion in the shares of Crown Holdings which remains their Top Pick. Baird maintains its Outperform rating and $72 price target on Crown Holdings shares.