Truist Securities Maintains Buy on Crown Holdings, Lowers Price Target to $100-Report Released on 6th February 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Roxland maintains a Buy rating on Crown Holdings (CCK) but lowers the price target from $117 to $100 as of 6th February 2024.
February 07, 2024 | 9:15 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Crown Holdings but lowers the price target from $117 to $100.
While the maintenance of a Buy rating suggests continued confidence in Crown Holdings' fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook could help stabilize the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100