Silgan Holdings price target lowered to $57 from $64 at RBC Capital

RBC Capital lowered the firm’s price target on Silgan Holdings (SLGN) to $57 from $64 but keeps an Outperform rating on the shares. The company slightly missed Q2 and moderately lowered FY25 guidance, but the 15% stock selloff on Wednesday was an overreaction to its $10M customer bankruptcy impact and Food headwinds, the analyst tells investors in a research note. RBC adds that it remains bullish on Silgan’s improving volumes, strong execution, and limited tariff impacts.