Crown Holdings price target raised to $120 from $115 at RBC Capital

RBC Capital raised the firm’s price target on Crown Holdings (CCK) to $120 from $115 and keeps an Outperform rating on the shares. The firm notes the company posted a strong Q1 and raised FY25 guidance on better-than-expected North America volumes, strong execution and productivity, and European conversion to cans. RBC believes Crown Holdings could see multiple expansion as investors favor names with strong earnings visibility and limited tariff impacts.