JPMorgan upgraded Silgan Holdings (SLGN) to Overweight from Neutral with an unchanged price target of $57. The firm expects Silgan to report a strong earnings year in 2025 despite generally weak economic conditions. It models a mild recovery in fruit and vegetable sector of about $20M for 2025 as weather and inventories normalize. There is potential for the economic benefit to be larger than that total should business conditions return to 2023 levels, the analyst tells investors in a research note.
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Read More on SLGN:
- Silgan Reports Record Q1 2025 Results, Confirms Growth Outlook
- Silgan Holdings Reports Strong Q1 2025 Earnings
- Silgan Holdings reports Q1 adjusted EPS 82c, consensus 79c
- Silgan Holdings still sees 2025 adjusted EPS $4.00-$4.20, consensus $4.09
- Silgan Holdings sees Q2 adjusted EPS 98c-$1.08, consensus $1.04