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Crown Holdings price target raised to $122 from $118 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Crown Holdings (CCK) to $122 from $118 and keeps an Overweight rating on the shares following what the firm calls “an impressive 2Q earnings beat.” Given Crown’s defensive end market exposure and “healthy” balance sheet, the firm sees durable high-single-digit EPS growth into the medium term, the analyst tells investors.

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