B of A Securities Downgrades O-I Glass to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst George Staphos downgraded O-I Glass (NYSE:OI) from Buy to Neutral and reduced the price target from $21 to $16, indicating a more cautious outlook on the stock.

April 19, 2024 | 10:39 am
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O-I Glass was downgraded by B of A Securities from Buy to Neutral with a price target reduction from $21 to $16.
The downgrade from Buy to Neutral by a major analyst like B of A Securities, coupled with a significant reduction in the price target, suggests a bearish outlook on O-I Glass. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new analysis.
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IMPORTANCE 90
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