Jefferies lowered the firm’s price target on Silgan Holdings (SLGN) to $51 from $67 and keeps a Buy rating on the shares. Q3 EPS of $1.22 was in-line with consensus, but 4c below the firm’s estimate, while 2025 EPS guidance was cut 6% at the midpoint, the analyst tells investors. Mix improvements and cost-cutting will provide some margin ballast, but the firm cut its estimates and price target to reflect slower growth with destocking headwinds likely lingering into 2026, the analyst added.
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Read More on SLGN:
- Silgan Holdings reports Q3 adjusted EPS $1.22, consensus $1.22
- Silgan Holdings cuts FY25 adjusted EPS view to $3.66-$3.76 from $3.85-$4.05
- Silgan Holdings sees Q4 adjusted EPS 62c-72c, consensus 87c
- Silgan Holdings backs FY25 free cash flow view of $430M
- SLGN Earnings this Week: How Will it Perform?
