Raymond James Upgrades Silgan Holdings (SLGN) to Strong Buy

Raymond James analyst Matt Roberts upgraded Silgan Holdings (NYSE: SLGN) from Outperform to Strong Buy with a price target of $60.00 (from $65.00).

The analyst comments "SLGN upgraded to Strong Buy: We upgrade SLGN to Strong Buy given our expectation of relatively better visibility given generally consistent demand in Metal Containers, commercial/innovation wins, and what we view as generally inelastic and stable idiosyncratic end market exposure including soups and pet food. While read-throughs from Beauty admittedly pose risk, we note that of the Dispensing & Specialty Closures (DSC) segment (38% of total revenue in 2024 and 53% of segment adj. EBIT), 33% of DSC revenue is exposed to Personal Care, Fragrance, & Beauty with the remaining 67% exposed to more stable end markets including F&B, home care, lawn & garden, and healthcare. Further, we expect current volatility could create a more favorable environment for strategic acquirers such as Silgan, and remain constructive on the longer term mix shift story."

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

Shares of Silgan Holdings closed at $48.82 yesterday.

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