Deutsche Bank Downgrades Owens-Illinois (OI) to Hold

January 16, 2008 7:33 AM EST
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Price: $19.28 +0.52%

Rating Summary:
    4 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank downgrades Owens-Illinois (NYSE: OI) from Buy to Hold but raises its price target from $45 to $50.

The firm said OI's recent margin expansion strategy has proved successful and shows the Company can deliver and possibly continue to boost prices and expand margins. At the same time, shares of Owens-Illinois have recently traded up to $50, and Deutsche feels the stock is valued at current levels.

Owens-Illinois, Inc., through its subsidiaries, manufactures glass packaging products worldwide.

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