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Silgan Holdings price target raised to $63 from $58 at RBC Capital


Silgan Holdings price target raised to $63 from $58 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the firm's price target on Silgan Holdings (SLGN) to $63 from $58 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 in the Chemicals & Packaging sector. The firm continues to favor names with cost reduction programs given margin improvement potential before demand starts to improve, companies with strong operating leverage and potential for positive volume growth inflection in the second half of the year, and names with low leverage, the analyst tells investors in a research note. For the company, RBC notes that despite inflationary impacts and destocking, which resulted in a challenging 2023, Silgan's long-term thesis remains intact as destocking in food and beverage packaging has ended and with delays in commercialization of new business being essentially resolved.

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