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Fly News Breaks for February 6, 2020
CCK
Feb 6, 2020 | 09:03 EDT
Baird analyst Ghansham Panjabi raised his price target on Crown Holdings to $100 from $75 as he believes its valuation multiple is biased higher as the company continues its strategic review. The analyst said beverage can growth and price improvement along with CapEx will help sustain volume outperformance supported by a diverse cash flow profile. Panjabi reiterated his Outperform rating on Crown Holdings shares.
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