Deutsche Bank Downgrades Owens-Illinois (OI) to Hold

November 22, 2016 7:28 AM EST
Get Alerts OI Hot Sheet
Price: $19.52 --0%

Rating Summary:
    4 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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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.

For an analyst ratings summary and ratings history on Owens-Illinois click here. For more ratings news on Owens-Illinois click here.

Shares of Owens-Illinois closed at $18.73 yesterday.

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