Wells Fargo analyst Gabrial Hajde has reiterated their bullish stance on SLGN stock, giving a Buy rating today.
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Gabrial Hajde has given his Buy rating due to a combination of factors that highlight Silgan Holdings’ strong performance and potential for growth. Despite a challenging macroeconomic environment, the company delivered a robust first quarter and maintained its double-digit EPS growth forecast for 2025. This stability, coupled with a successful track record in mergers and acquisitions, suggests further upside potential as the company is nearing additional M&A opportunities.
Hajde’s confidence is further bolstered by Silgan Holdings’ strategic focus on niche platform businesses, which has differentiated it through high-touch customer service, innovation, and cost-effective manufacturing. The company exhibits a solid free cash flow conversion and an active M&A pipeline, presenting a compelling risk/reward profile at current valuation levels. Additionally, the company’s guidance for 2025 remains strong, with expectations of increased volumes and adjusted EBIT across all segments, reinforcing the Buy rating with a price target of $60.
Hajde covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, O-I Glass, and Ardagh Metal Packaging. According to TipRanks, Hajde has an average return of 1.5% and a 52.66% success rate on recommended stocks.
In another report released today, J.P. Morgan also upgraded the stock to a Buy with a $57.00 price target.
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