Barclays Upgrades O-I Glass to Equal-Weight, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has upgraded O-I Glass (NYSE:OI) from Underweight to Equal-Weight and lowered the price target from $19 to $18.
October 11, 2023 | 11:22 am
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O-I Glass has been upgraded by Barclays from Underweight to Equal-Weight, but the price target has been lowered from $19 to $18.
The upgrade from Underweight to Equal-Weight indicates a more positive outlook on the stock by Barclays. However, the lowering of the price target from $19 to $18 suggests a slightly less optimistic view on the stock's future price. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100