Truist Securities Reiterates Buy on O-I Glass, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Roxland has reiterated a Buy rating on O-I Glass (NYSE:OI) but has lowered the price target from $17 to $16.
August 01, 2024 | 1:30 pm
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NEUTRAL IMPACT
Truist Securities has reiterated a Buy rating on O-I Glass but lowered the price target from $17 to $16. This indicates continued confidence in the stock despite a slight reduction in expected value.
The reiteration of the Buy rating suggests that the analyst still sees potential in O-I Glass, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100