-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month target to $124 from $129 on an EV/EBITDA of 9.8x our 2026 EBITDA estimate, a slight premium to its three-year average of 8.9x. We increase our 2026 EPS view $0.02 to $8.21 and 2027's $0.16 to $9.15. Asia Pacific was the standout performer with unit volume up 17% Y/Y driving segment income 10% higher. North American food cans volume was up 3% Y/Y with pet food now providing stable growth and constituting 40%-45% of the mix. In terms of weakness, Americas' beverages saw sales up 16%, mostly from an increase in costs, with income declining 10% Y/Y due to lower Brazilian volume and an inability to pass on material cost increases. Transit packaging also saw margins squeezed by input cost inflation in Q1 but management expects this trend to be reversed in 2H 2026. Investments in India are likely to be a strong future growth driver with the market expected at 4-5 billion units while growing 15%-20% Y/Y with CCK adding 2.2 billion units of capacity.