Citi raised the firm’s price target on Crown Holdings to $114 from $102 and keeps a Buy rating on the shares following the Q2 beat. The company indicated sluggish Q2 volumes were largely attributable to a poor April, with a sustained pickup from May to July, the analyst tells investors in a research note.
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Read More on CCK:
- Crown Holdings price target raised to $110 from $95 at Barclays
- CROWN HOLDINGS, INC. REPORTS SECOND QUARTER 2023 RESULTS
- Crown Holdings sees FY23 adjusted EPS $6.10-$6.30, consensus $6.29
- Crown Holdings sees Q3 adjusted EPS $1.70-$1.80, consensus $1.81
- Crown Holdings reports Q2 EPS $1.31, consensus $1.64