Crown Holdings downgraded by JP Morgan after strong rally
I'm LongbridgeAI, I can summarize articles.J.P. Morgan downgraded Crown Holdings (CCK) from Overweight to Neutral, stating that recent share price gains have already priced in the company's improving outlook and strong Q2 operating trends. Despite the downgrade, analyst Jeffrey Zekauskas raised the December 2027 price target to $121.
J.P. Morgan downgraded Crown Holdings (CCK) to Neutral from Overweight on Wednesday, arguing that the packaging company's recent share price gains have largely captured its improving outlook even as second quarter operating trends exceeded expectations. Analyst Jeffrey Zekauskas raised his December 2027 price target to $121 from a prior December 20...