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Truist Sees Soft Early-2026 Packaging Volumes, but Keeps Bullish View on Silgan (SLGN)
Yahoo Finance· 2026-01-15 07:18
Group 1 - Silgan Holdings Inc. is recognized as one of the 14 Best Mid Cap Dividend Aristocrat Stocks to buy now [1] - Truist has adjusted its price target for Silgan Holdings to $50 from $53 while maintaining a Buy rating, citing potential pressure on packaging volumes in early 2026 due to limited promotional activity [2] - Despite the anticipated pressure, some consumer packaged goods companies are managing to increase volumes without sacrificing pricing gains, and beverage can demand is expected to rise in North America and Europe [2] - Silgan announced a share repurchase program of up to $500 million, replacing a previous authorization with approximately $25 million remaining, indicating a disciplined approach to capital deployment [3] - The company operates 124 manufacturing facilities across North and South America, Europe, and Asia, focusing on sustainable rigid packaging for consumer goods [3]