Wells Fargo Maintains Overweight on Silgan Hldgs, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde maintains an Overweight rating on Silgan Holdings (SLGN) but lowers the price target from $55 to $54.

May 02, 2024 | 1:51 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Silgan Holdings but lowers the price target from $55 to $54.
The adjustment in price target by Wells Fargo reflects a slight modification in their valuation assessment of Silgan Holdings. While the Overweight rating indicates a positive outlook on the stock, the reduction in price target suggests a tempering of expectations regarding its short-term price performance. This could lead to a neutral short-term impact on the stock as investors digest the implications of the revised price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100