Truist Securities Downgrades Crown Holdings to Hold, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Roxland downgraded Crown Holdings (CCK) from Buy to Hold and reduced the price target from $100 to $88.

March 27, 2024 | 6:29 pm
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NEGATIVE IMPACT
Crown Holdings was downgraded by Truist Securities from Buy to Hold with a price target reduction from $100 to $88.
The downgrade from Buy to Hold by a significant analyst like Truist Securities, coupled with a notable reduction in the price target, is likely to negatively impact investor sentiment towards Crown Holdings in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100