Silgan Holdings price target raised to $51 from $49 at RBC Capital
RBC Capital analyst Arun Viswanathan raised the firm's price target on Silgan Holdings to $51 from $49 and keeps a Sector Perform 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 analyst Arun Viswanathan raised the firm's price target on Silgan Holdings to $51 from $49 and keeps a Sector Perform 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.