Goldman Sachs Maintains Neutral Rating Following Silgan Holdings Acquisition

On the news that Silgan Holdings SLGN has entered into an agreement to purchase Vogel & Noot Holding AG, a European food can producer, Goldman Sachs said that it is maintaining its estimates. “We rate SLGN shares Neutral as we prefer Ball Corporation BLL and Crown Holdings, Inc. CCK – rated Buy – owing to faster EPS growth, based on our forecasts for faster emerging market beverage can growth, more aggressive share buybacks, and valuation,” Goldman Sachs writes. Silgan Holdings closed Wednesday at $35.31; Ball Corporation closed at 68.38; and Crown Holdings, Inc. closed at 33.60.