Crown Holdings downgraded to Neutral from Overweight at JPMorgan

JPMorgan downgraded Crown Holdings (CCK) to Neutral from Overweight with a price target of $115, up from $112. The firm cites valuation for the downgrade with the shares up 34% over the past year. Crown’s 2026 looks like a flat to slightly higher earnings growth year due to the costs of capacity expansions and overhead expense pressure, the analyst tells investors in a research note. Wolfe Research this morning also downgraded Crown Holdings.