Credit Suisse Downgrades O-I Glass to Neutral, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Credit Suisse analyst Curt Woodworth has downgraded O-I Glass (NYSE:OI) from Outperform to Neutral, while raising the price target from $21 to $22.
September 13, 2023 | 1:05 pm
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NEUTRAL IMPACT
O-I Glass has been downgraded to Neutral from Outperform by Credit Suisse, but the price target has been raised to $22.
The downgrade to Neutral suggests that Credit Suisse sees limited upside potential for O-I Glass in the near term. However, the raised price target indicates that they still see some potential for price appreciation. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100