- BMO Capital analyst Mark Wilde upgraded Crown Holdings Inc CCK to Outperform from Market Perform with a price target of $140, up from $110, implying a 21.5% upside.
- The move comes after the company's Q4 earnings beat.
- Mark said he is "feeling better" about the beverage can business amid "strong" demand, with global volumes rising 9% in FY21 and the company forecasting growth of another 9% in FY22.
- While the stock is "not cheap" at 10.6-times expected 2022 EBITDA, Wilde said he is more positive on supply/demand, as well as cash flow outlook for Crown Holdings.
- Price Action: CCK shares closed higher by 1.06% at $115.25 on Wednesday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
