Morgan Stanley upgraded Crown Holdings (CCK) to Overweight from Equal Weight with a price target of $105, down from $109. The firm believes the 2025 paper and packaging demand environment is set up to be more favorable for the volume-driven packaging names, similar to trends seen in the second half of 2024. It upgraded Crown following the de-rating for the beverage can space. The recent share weakness creates attractive buying opportunity the company’s fundamentals improve, contends Morgan Stanley.
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