Silgan Holdings price target raised to $54 from $52 at BofA

BofA analyst George Staphos raised the firm’s price target on Silgan Holdings (SLGN) to $54 from $52 and keeps a Buy rating on the shares. A recent meeting with Silgan’s senior management and a quick review of financial performance reinforces the firm’s confidence in Silgan’s positioning, despite the current demand challenges and guidance cuts in Q2 and Q3, the analyst tells investors.