Crown Holdings price target raised to $131 from $129 at RBC Capital
RBC Capital raised the firm's price target on Crown Holdings to $131 from $129 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 earnings in Packaging. Volumes remain in the low-single-digit growth range, with strong Energy/Sparking Water offsetting soft Beer/Food, while the World Cup/US250 could drive additional upside, mainly in beverage cans, the analyst tells investors in a research note. Inflation does not seem to have materially lowered demand and CPG companies continue to promote and favor volume over price, the firm added.
RBC Capital raised the firm's price target on Crown Holdings to $131 from $129 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 earnings in Packaging.
Volumes remain in the low-single-digit growth range, with strong Energy/Sparking Water offsetting soft Beer/Food, while the World Cup/US250 could drive additional upside, mainly in beverage cans, the analyst tells investors in a research note.
Inflation does not seem to have materially lowered demand and CPG companies continue to promote and favor volume over price, the firm added.