Truist lowered the firm’s price target on O-I Glass (OI) to $14 from $15 and keeps a Buy rating on the shares. The company’s Fit to Win progress was more than offset by European challenges due to increased customer price competition and higher energy costs, while energy prices notably increased, negatively impacting the unhedged portion of its energy exposure, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OI:
- O-I Glass price target lowered to $15 from $20 at Baird
- Staphos Maintains Buy Rating Despite 2026 Outlook Cut, Sees Upside with Shares Trading Below Reduced $13 Target
- Midday Fly By: Seagate reports Q3 beat, Visa reports mixed Q2
- Morning Movers: NXP Semi, Bloom Energy charged up after results
- Closing Bell Movers: Seagate, Starbucks rally on earnings