KeyBanc Raises Their Price Target on Silgan Holdings (SLGN) to $65; Maintains Buy
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KeyBanc raises their price target on Silgan Holdings (NASDAQ: SLGN) from $60 to $65 and maintains their Buy rating.
The firm said, "In the current volatile and inflationary input cost environment, we believe the Silgan franchise harbors minimal risk with respect to tinplate steel, resin and energy costs, enabling its focus to be exclusively on execution, which has been nothing short of outstanding, in our opinion. In addition, we view the product portfolio as highly defensive given its weight toward essential and/or value-oriented consumer staples, such as canned food and personal care products."
Silgan Holdings, Inc. engages in the manufacture and sale of metal and plastic consumer goods packaging products in North America, Europe, Asia, and South America.
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