Morgan Stanley Initiates Coverage On Crown Holdings with Equal-Weight Rating, Announces Price Target of $87
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Morgan Stanley analyst Pamela Kaufman initiates coverage on Crown Holdings (NYSE:CCK) with an Equal-Weight rating and sets a price target of $87.
March 18, 2024 | 9:19 am
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Morgan Stanley initiated coverage on Crown Holdings with an Equal-Weight rating and a price target of $87.
The initiation of coverage by a major financial institution like Morgan Stanley generally brings additional attention to a stock. An Equal-Weight rating suggests that Morgan Stanley views Crown Holdings' stock as fairly valued at its current price, implying a neutral short-term impact. The price target of $87 indicates a potential upside or downside based on the current trading price, but the Equal-Weight rating tempers expectations for significant movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100