J.P. Morgan analyst Jeffrey Zekauskas has reaffirmed a Buy rating on Crown Holdings (CCK), setting a price target of $121.00. Zekauskas, a 4-star analyst with a 3.8% average return and a 54.67% success rate, covers the Basic Materials sector and focuses on stocks like Dow Inc, Eastman Chemical, and LyondellBasell.
Crown Holdings also received a Buy rating from Citi’s Anthony Pettinari in a separate report issued the same day. However, UBS maintained a Hold rating on the company, highlighting a mixed outlook from major financial institutions.
In its latest earnings report for the quarter ending September 30, Crown Holdings reported quarterly revenue of $3.71 billion and a net profit of $225 million. This represents growth compared to last year’s revenue of $3.2 billion and net profit of $214 million.