Jefferies Reports On Crown Holdings Pullback

According to Jefferies, Crown Holdings (NYSE: CCK) pullback creates great entry point.

Jefferies said that while the pricing pressure in Europe bev is certainly a concern, the rest of CCK's business is firing on all cylinders, and the ramp up of its growth projects are tracking ahead of schedule “We believe the 4% pullback is an over reaction, and would recommend buying the stock at current levels.”

Crown Holdings closed yesterday at $37.75.