Deutsche Bank Upgrades Silgan Holdings (SLGN) to Buy; The "Silganator" Has Struck Again

April 15, 2011 7:08 AM EDT
Get Alerts SLGN Hot Sheet
Price: $54.87 +3.00%

Rating Summary:
    2 Buy, 11 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank upgraded Silgan Holdings (NASDAQ: SLGN) to Buy. PT increased from $37 to $51.

Deutsche analyst says, "Silgan's move to acquire Graham Packaging is a watershed move in Silgan's corporate history and creates one of the world's largest & most diverse consumer packaging companies. If history is any guide, the $4.1B deal will prove a powerful value-creation lever for Silgan shareholders. Both companies enjoy among the most stable margins & strongest cashflows in the packaging sector, suggesting that Silgan's ~4X leverage (post-closing) is a very manageable level of financial risk."

For more ratings news on Silgan Holdings click here and for the rating history of Silgan Holdings click here.

Shares of Silgan Holdings closed at $45.05 yesterday.

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