RBC Capital raised the firm’s price target on Silgan Holdings (SLGN) to $65 from $63 and keeps an Outperform rating on the shares. The company’s Q4 results were in-line, but its FY25 guide calls for mid-single-digit volume and double-digit free cash flow growth in FY25, driven by normalization in Metal, Weener acquisition in DSC, and wins in Custom Containers, the analyst tells investors in a research note. Silgan’s free cash flow generation and mid-single-digit volume growth are at the high end of Packaging peers, and the company should continue to outperform choppy demand, RBC added.
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Read More on SLGN:
- Silgan Holdings price target raised to $62 from $60 at Baird
- Silgan Holdings Reports Record Fourth Quarter Results
- Silgan Holdings reports Q4 adjusted EPS 85c, consensus 82c
- Silgan Holdings sees FY25 adjusted EPS $4.00-$4.20, consensus $4.13
- Silgan Holdings sees Q1 adjusted EPS 74c-84c, consensus 78c