Truist Securities Maintains Buy Rating for Silgan Hldgs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has reaffirmed its Buy rating on Silgan Holdings (NYSE:SLGN) and increased its price target from $52.00 to $56.00. Silgan's stock has risen 0.7% in the last 24 hours to $44.36. The new price target suggests a potential upside of 26.24%. Silgan Holdings is a major manufacturer of metal food containers in North America, serving clients like Campbell Soup, Nestle, and Del Monte, and also operates in plastic dispensers and closures businesses.
January 04, 2024 | 5:00 pm
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Truist Securities maintains a Buy rating on Silgan Holdings and raises the price target to $56, suggesting a significant upside from the current price.
The reaffirmation of a Buy rating and an increase in the price target by Truist Securities are strong positive signals for investors, indicating analyst confidence in Silgan Holdings' future performance. This could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100