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Fly News Breaks for February 28, 2020
BLL, CCK
Feb 28, 2020 | 11:32 EDT
Citi analyst Anthony Pettinari noted that local press reports from Kentucky indicate that Crown Holdings (CCK) plans to invest $150M to build a new beverage can plant in Bowling Green. He notes that means Crown, Ball (BLL) and Florida Caribbean Distillers all have greenfield beverage can facilities planned to come online in 2021, but he expects the market needs the new supply given the accelerating demand for cans in North America. Pettinari has a Buy rating on Crown Holdings shares.
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