Deutsche Bank Downgrades Crown Holdings (CCK) to Hold on Valuation

November 26, 2012 7:13 AM EST Send to a Friend
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Price: $53.13 --0%

Rating Summary:
    11 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 21 | New: 20
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Deutsche Bank downgraded Crown Holdings (NYSE: CCK) from Buy to Hold with a price target of $40.00 citing valuation versus a shift in industry fundamentals.

The firm notes shares are trading at the upper-end of their historical fwd EV/EBITDA multiples.

For an analyst ratings summary and ratings history on Crown Holdings click here. For more ratings news on Crown Holdings click here.

Shares of Crown Holdings closed at $37.35 yesterday.

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