Barclays Maintains Equal-Weight Rating for O-I Glass: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Equal-Weight rating for O-I Glass (NYSE:OI) but lowered its price target from $18.00 to $16.00. O-I Glass is the world's largest manufacturer of glass bottles, with 70% of its revenue coming from outside the United States. The company's shares are currently trading at $14.63, and a move to $16.00 would represent a 9.36% increase.
November 02, 2023 | 5:00 pm
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Barclays has maintained its Equal-Weight rating for O-I Glass but lowered its price target. This could potentially influence investor sentiment and the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and the stock's price. While Barclays has maintained its Equal-Weight rating for O-I Glass, it has lowered its price target. This could suggest that Barclays sees less upside potential for the stock, which could influence investor sentiment and potentially lead to a decrease in the stock's price. However, the actual impact will depend on how investors interpret and react to this news.
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