Strong Crown Holdings (CCK) Q2 Keeps Jefferies Bullish
Jefferies reiterated a Buy rating and $51 price target on Crown Holdings (NYSE: CCK) following "strong" Q2 results.
Analyst Philip Ng comments, "While shares have bounced from June lows, there was still quite a bit of anxiety going into the quarter over bad weather and Brazil. Now that CCK has reported a solid quarter and guidance likely to be in line to modestly higher than Consensus, we expect the stock to open up tomorrow."
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 $42.50 yesterday, with a 52 week range of $33.74-$44.31.
Analyst Philip Ng comments, "While shares have bounced from June lows, there was still quite a bit of anxiety going into the quarter over bad weather and Brazil. Now that CCK has reported a solid quarter and guidance likely to be in line to modestly higher than Consensus, we expect the stock to open up tomorrow."
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 $42.50 yesterday, with a 52 week range of $33.74-$44.31.