Crown Holdings price target raised to $120 from $116 at RBC Capital

RBC Capital raised the firm’s price target on Crown Holdings (CCK) to $120 from $116 and keeps an Outperform rating on the shares. The firm cites the company’s “strong” Q3 results and believes the stock could be re-rated higher as investors favor strong earnings visibility, potential recovery in Brazil, and strong execution driving consistent beats and raises, the analyst tells investors in a research note.