In a report released yesterday, Gabrial Hajde from Wells Fargo reiterated a Buy rating on Silgan Holdings (SLGN – Research Report), with a price target of $60.00.
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Gabrial Hajde has given his Buy rating due to a combination of factors that highlight Silgan Holdings’ strong market position and growth potential. The company’s portfolio of niche businesses, characterized by innovation and cost-effective manufacturing, demonstrates resilience in challenging macroeconomic conditions. This positions Silgan Holdings well to meet or exceed its financial guidance for the year.
Furthermore, specific segments such as Metal Containers and Dispensing & Custom Closures show promising prospects. The Metal Containers segment benefits from consistent volume tracking and potential earnings upside from de-stocking activities. Meanwhile, the Dispensing & Custom Closures segment is poised for volume growth due to new product launches. Overall, despite macroeconomic uncertainties, Silgan Holdings is expected to achieve double-digit EPS growth, supported by favorable foreign exchange rates and strong execution.
SLGN’s price has also changed slightly for the past six months – from $55.140 to $54.900, which is a -0.44% drop .
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