Crown Holdings downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research analyst Chris Parkinson downgraded Crown Holdings (CCK) to Peer Perform from Outperform without a price target The firm says the bull thesis has played out. While Crown’s earnings guidance may prove conservative, Wolfe wants time to evaluate it, the analyst tells investors in a research note. The firm now views the shares as fairly valued.