Crown Holdings price target raised to $101 from $89 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Crown Holdings (CCK) to $101 from $89 and keeps an Equal Weight rating on the shares. The firm notes the company exceeded elevated Q1 expectations with its global beverage can business operating at a high level. While Wells acknowledges excellent execution and optimism for first half of the year volumes, it sees headwinds mounting to select beverage categories, thus stayed sidelined.