RBC Capital has decided to maintain its Outperform rating of Crown Holdings CCK and lower its price target from $110.00 to $81.00.
Shares of Crown Holdings are trading up 1.22% over the last 24 hours, at $69.03 per share.
A move to $81.00 would account for a 17.34% increase from the current share price.
About Crown Holdings
Crown Holdings Inc is engaged in designing, manufacturing and sale of packaging products for consumer goods and industrial products. The company's consumer packaging solutions primarily support the beverage and food industries through the sale of aluminum and steel cans. The company's packaging for industrial products includes steel and plastic consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment, which are sold into the metals, food and beverage, construction, agricultural, corrugated and general industries. Its reportable segments are Americas Beverage, European Beverage, Asia Pacific and Transit Packaging.
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