Citi analyst Anthony Pettinari raised the firm’s price target on O-I Glass (OI) to $16 from $14 and keeps a Neutral rating on the shares. The firm is raising Q2 EBITDA estimates for all its covered beverage packagers by 2%-3% on average to reflect outperformance in North America and “modest help” from foreign exchange impacts, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OI: