RBC Capital analyst Arun Viswanathan maintains $Crown Holdings (CCK.US)$ with a buy rating, and adjusts the target price from $105 to $113.
According to TipRanks data, the analyst has a success rate of 52.1% and a total average return of 0.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Crown Holdings (CCK.US)$'s main analysts recently are as follows:
The firm has updated forecasts after Crown Holdings reported Q3 results that surpassed expectations. It was also mentioned that Ball Corp. is favored as the primary investment to capitalize on the ongoing growth trend in the beverage can sector.
The firm believes that a third consecutive robust quarter ought to reinforce the narrative and support valuation multiples. They still regard Crown as an attractive growth at a reasonable price opportunity, especially as the company increases its deployment of surplus cash.
The firm recognizes Crown Holdings' significant third-quarter earnings per share surpassing expectations and observes stronger-than-anticipated volumes in North America and Europe. It noted an increase in its forecast for FY24 earnings per share to reflect the company's enhanced operating leverage, as discussed in an analyst's research note.
Note:
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