Morgan Stanley Maintains Overweight Rating for Crown Holdings: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Crown Holdings CCK and lower its price target from $135.00 to $130.00.

Shares of Crown Holdings are trading down 0.43% over the last 24 hours, at $95.23 per share.

A move to $130.00 would account for a 36.5% increase from the current share price.

About Crown Holdings

Crown Holdings Inc is engaged in designing, manufacturing and sale of packaging products for consumer goods and industrial products. The company's consumer packaging solutions primarily support the beverage and food industries through the sale of aluminum and steel cans. The company's packaging for industrial products includes steel and plastic consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment, which are sold into the metals, food and beverage, construction, agricultural, corrugated and general industries. Its reportable segments are Americas Beverage, European Beverage, Asia Pacific and Transit Packaging.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.