In a report released today, Jeffrey Zekauskas from J.P. Morgan upgraded Silgan Holdings (SLGN – Research Report) to a Buy, with a price target of $57.00.
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Jeffrey Zekauskas has given his Buy rating due to a combination of factors that suggest a positive outlook for Silgan Holdings. The company is expected to see a strong earnings year in 2025, driven by a recovery in the fruit and vegetable sector and cost reduction initiatives. Silgan’s acquisition of Weener is anticipated to significantly boost EBITDA and EBIT, despite some incremental interest expenses.
Furthermore, Silgan’s stable can and closure volumes, combined with a favorable comparison to the previous year’s earnings, position it well against the broader market. The company’s ability to generate substantial free cash flow, along with potential benefits from lower raw material costs, supports the positive rating. The price target of $57 for December 2025 reflects confidence in Silgan’s capacity to outperform, with attractive valuation multiples and a solid free cash flow yield.
In another report released on April 22, Raymond James also upgraded the stock to a Buy with a $60.00 price target.
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