Deutsche Bank Downgrades Owens-Illinois (OI) to Hold
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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.
Shares of Owens-Illinois closed at $18.73 yesterday.
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