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

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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