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Crown shares (New York Stock Exchange:CCK) on Monday night was upgraded to Outperform from a previous investment rating of Neutral by analysts at financial services firm Baird. They said the metal packaging maker is poised to turn a profit after underperforming its peers.
“While the operation The context remains uncertain, we believe Crown (CCK) has a diverse geographic portfolio specific to metal beverage cans, and the company is well positioned to benefit from a directional improvement in CPG end-market volumes,” Baird analyst Ghansham Panjabi said in an April 15 report. .
Baird raised his price target for Crown (CCK) to $90 per share from $85 per share previously, based on a multiple of about 15 times estimated fiscal 2024 earnings per share.
Baird downgraded Berry Global (BERY) over concerns about rising oil prices.
