Deutsche Bank Downgrades Owens-Illinois (OI) to Hold
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Deutsche Bank downgraded Owens-Illinois (NYSE: OI) from Buy to Hold with a price target of $20.00 (from $22.00).
"We believe O-I is taking the necessary steps to improve operational stability but we consider consensus estimates are too aggressive given recent currency moves post the election. Our 2017e EPS goes from $2.55 to $2.39/sh (consensus: $2.51/sh)," said analyst Debbie Jones.
Shares of Owens-Illinois closed at $18.73 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pivotal Research Upgrades Flowers Foods (FLO) to Hold
- BMO Capital Cuts Price Target on Nielsen Holdings (NLSN) to $45
- Jefferies Raises Price Target on Broadcom Ltd. (AVGO) to $210 Following 4Q
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Analyst PT Change, Downgrades
Related EntitiesDeutsche Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!