Crown Holdings price target raised to $52-$55 from $48-$51 at Wells Fargo Wells Fargo increased its price target on Crown Holdings after the company reported higher than expected Q1 EPS. The firm thinks the company is well-positioned to deliver strong 2014 results, and expects the company's 2014 EPE to surpass its guidance. Wells reiterates an Outperform rating.
Ball Corp. near deal to acquire Rexam, WSJ reports Ball Corp. (BLL) is close to acquiring Rexam (REXMY) in a deal that could be announced this week, Wall Street Journal reports, citing people familiar with the matter. The companies confirmed earlier this month that they were in merger talks. A combination would create the largest beverage-can maker in the world. Peers of Ball include Crown Holdings (CCK), Owens-Illinois (OI) and Silgan Holdings (SLGN). Reference Link