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Fly News Breaks for November 6, 2019
CCK
Nov 6, 2019 | 07:36 EDT
Wells Fargo analyst Gabe Hajde raised his price target for Crown Holdings to $85 from $75 and maintained an Outperform rating, saying his firm's sum-of-the-parts analysis points to 7%-15% potential upside from divesting the company's Transit Packaging business. He thinks Crown's announcement regarding a comprehensive review of its business portfolio and capital allocation return/activities is mainly in response to shareholder dissent over the company's early 2018 Signode.
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