Silgan Announces Agreement to Acquire Weener Packaging

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Silgan Holdings (SLGN) PT Raised to $59 at Jefferies

July 24, 2024 11:19 AM EDT

Jefferies analyst Daniel Rizzo raised the price target on Silgan Holdings (NYSE: SLGN) to $59.00 (from $55.00) while maintaining a Buy rating.

The analyst comments "Silgan announced the purchase of Weener Plastics Holdings, for 838m, or 8.7x LTM EBITDA (7.2x with synergies). The purchase increases... More