Silgan Holdings price target raised to $58 from $55 at RBC Capital

RBC Capital raised the firm’s price target on Silgan Holdings (SLGN) to $58 from $55 and keeps an Outperform rating on the shares. The company’s Q3 results missed on weaker Metal but saw the end of destocking, 2% growth in Dispensing and Specialty Closures segment, and while the management has lowered its FY24 guide slightly to in-line with consensus, the stock reacted positively on lower buyside expectations, the analyst tells investors in a research note.