Citi analyst Anthony Pettinari raised the firm’s price target on Crown Holdings (CCK) to $129 from $119 and keeps a Buy rating on the shares and opened a “30-day positive catalyst watch” on what it identifies as its top pick in Packaging. The firm is raising Q2 EBITDA estimates for all its covered beverage packagers by 2%-3% on average to reflect outperformance in North America and “modest help” from foreign exchange impacts, the analyst tells investors.
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