O-I Glass price target lowered to $13 from $14 at BofA

BofA lowered the firm’s price target on O-I Glass (OI) to $13 from $14 and keeps a Neutral rating on the shares. Packaging and paper/forest stocks have come under renewed pressure, as the stocks have declined 15% relative to the market since June 30, notes the analyst, who sees a “mixed” Q3 ahead for the group.