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Fly News Breaks for October 29, 2018
SLGN
Oct 29, 2018 | 07:52 EDT
RBC Capital analyst Arun Viswanathan lowered his price target on Silgan Holdings to $25 and kept his Sector Perform rating after its Q3 results, saying that while EPS came in line, segment EBIT missed his forecast on weaker Metal Container income. The analyst expects the volume headwinds in food cans to persist next year and also believes that the stock is fairly valued at "just under" 8-times his expected FY19 EBITDA forecast.
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