UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Crown Holdings Following Investor Dinner

In a report published Wednesday, Jefferies analyst Philip Ng reiterated a Buy rating on Crown Holdings

, and raised the price target from $47.00 to $51.00. In the report, Ng noted, “We hosted an investor dinner with Tom Kelly (CFO) last evening and walked away constructive on the underlying fundamentals. Volumes appear to be tracking in line with expectations, and we believe there's upside to Street estimates as long as we get a normal vegetable pack.” Crown Holdings closed on Tuesday at $43.90.