In a report released on January 10, Arun Viswanathan from RBC Capital maintained a Buy rating on O-I Glass (OI – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $15.66.
Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, PPG Industries, and Quaker Chemical. According to TipRanks, Viswanathan has an average return of 6.2% and a 60.65% success rate on recommended stocks.
In addition to RBC Capital, O-I Glass also received a Buy from Truist Financial’s Michael Roxland in a report issued on January 4. However, on January 3, Citi downgraded O-I Glass (NYSE: OI) to a Hold.
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OI market cap is currently $2.46B and has a P/E ratio of 6.51.
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O-I Glass (OI) Company Description:
O-I Glass, Inc. manufactures glass products. The firm offers products to the food and beverage sectors. The company is headquartered in Perrysburg, OH.
Read More on OI:
- O-I GLASS ANNOUNCES FULL YEAR AND FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL AND WEBCAST
- O-I Glass price target raised to $22 from $21 at Truist
- O-I Glass downgraded to Neutral from Buy at Citi
- Pactiv Evergreen upgraded to Buy from Neutral at Citi
- O-I Glass to Present at Citi’s 2023 Basic Materials Conference
