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Fly News Breaks for February 19, 2019
CCK
Feb 19, 2019 | 09:44 EDT
RBC Capital analyst Arun Viswanathan raised his price target on Crown Holdings to $64 and kept his Outperform rating, noting that while the company is facing FX headwinds in the first half of 2019, its global beverage can business should remain robust and near the 4% growth level seen in 2018. The analyst adds that the company's recently acquired Signode business should show stable earnings with limited cyclicality, with further benefits coming from Crown Holdings' deleveraging efforts.
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