Silgan Holdings price target raised to $52 from $50 at Wells Fargo

Wells Fargo raised the firm’s price target on Silgan Holdings to $52 from $50 and keeps an Overweight rating on the shares. While de-stocking is persisting for longer than hoped, Silgan’s $50M cost out program and increased pet food capacity/promo activities are projected to provide recovery in the second half of the year, Wells says.