Truist has adjusted its price target for Silgan Holdings Inc. (NYSE:SLGN) to $50, down from $53, while continuing to recommend the stock as a Buy. The analyst noted that packaging volumes might face some pressure early in 2026 due to limited promotional activity. However, certain consumer packaged goods companies are reportedly managing to increase volumes without sacrificing earlier pricing gains.
Beverage can demand is expected to keep rising in North America and Europe, according to Truist. The firm also stated that containerboard producers should be able to implement price increases, aided by disciplined supply management.
In a separate development from November, Silgan Holdings announced its board approved a share repurchase program authorizing up to $500 million in buybacks through December 31, 2029. This new program replaces a previous authorization that had about $25 million remaining for common stock repurchases.
President and CEO Adam Greenlee commented on the move. "This new authorization will allow us to repurchase up to $500 million of our common stock from time to time through December 31, 2029," Greenlee said. "As in the past, we maintain a disciplined, returns based approach to capital deployment which has created significant value over time for our shareholders and the Company."
Silgan Holdings is a leading supplier of sustainable rigid packaging for everyday consumer goods. The company operates 124 manufacturing facilities across the Americas, Europe, and Asia.