Crown Holdings (CCK) PT Raised to $122 as Morgan Stanley Sees Guidance as Conservative

February 12, 2021 3:29 AM EST
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Price: $109.09 --0%

Rating Summary:
    17 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 20 | New: 67
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Morgan Stanley analyst Neel Kumar raised the price target on Crown Holdings (NYSE: CCK) to $122.00 (from $114.00) after the 4Q results & 2021 outlook were well above expectations.

The analyst reiterated an Overweight rating, stating "we believe the company's 2021 guidance could prove conservative when accounting for the robust beverage can growth outlook and improvements in European Food & Transit Packaging earnings".

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