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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: $44.53 -0.85%

Rating Summary:
    10 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 18 | New: 23
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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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