In a report released yesterday, George Staphos from Bank of America Securities maintained a Buy rating on O-I Glass, with a price target of $17.00.
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George Staphos has given his Buy rating due to a combination of factors that, in his view, underpin O-I Glass’s earnings and cash flow trajectory into 2026. He highlights the company’s Fit to Win program as a key driver of margin improvement across the business, noting that management has increased its total FTW savings target, which supports confidence in sustained profitability despite softer volumes and some regional margin pressure.
Staphos also points out that 2026 EBITDA guidance aligns with his expectations while free cash flow projections exceed his prior estimates, even though higher interest expense and taxes weigh modestly on EPS versus earlier forecasts. With shares trading near his price objective and the company prepared to trim unprofitable business while maintaining disciplined capital allocation, he sees valuation as still attractive relative to O-I’s earnings power and strategic progress, justifying the continuation of his Buy recommendation.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a $19.00 price target.