Barclays Maintains Equal-Weight on O-I Glass, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has maintained an Equal-Weight rating on O-I Glass (NYSE:OI) and reduced the price target from $18 to $15.

May 06, 2024 | 4:07 pm
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NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on O-I Glass and lowers the price target from $18 to $15.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in O-I Glass's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered price target suggests a reassessment of the stock's future growth potential or operational performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100