O-I Glass price target lowered to $14 from $15 at Wells Fargo

Wells Fargo analyst Gabe Hajde lowered the firm’s price target on O-I Glass (OI) to $14 from $15 and keeps an Equal Weight rating on the shares. The firm notes the company is showing strong execution on its self-help initiatives, helping to grow profits despite mixed end markets. The post-earnings stock reaction was a bit harsh, though Wells is waiting for greater signs of end market stability to get constructive.