Crown Holdings price target lowered to $109 from $111 at Wells Fargo

Wells Fargo lowered the firm’s price target on Crown Holdings (CCK) to $109 from $111 and keeps an Equal Weight rating on the shares. The firm says “we entered Q1 cautiously, owing to a fragile consumer and shaky macro.” The war in Iran has raised Wells’ concerns as volumes likely move inversely to gas prices for stretched consumers.