O-I GLASS REPORTS THIRD QUARTER 2024 RESULTS
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O-I Glass Inc. (OI) PT Lowered to $15 at Truist Securities, 'Targeted Changes to Drive Better Growth and Profitability'
October 31, 2024 7:39 AM EDTTruist Securities analyst Michael Roxland lowered the price target on O-I Glass Inc. (NYSE: OI) to $15.00 (from $16.00) while maintaining a Buy rating.
The analyst comments "O-I Glass (OI) reported adjusted operating EPS of -$0.04 vs. our estimate at $0.02 / Street at $0.03 and lowered 2024 EPS guidance to $0.70-0.80 (was $1.00-1.25). At the midpoint, this implies 4Q EPS of -$0.10. As part of earnings, CEO Gordon Hardie provided an update on Fit to Win, including the companys SG&A reduction, inventory reduction, and production closure/curtailment plans. While the guidance cut was someone... More
Baird on O-I Glass Inc. (OI): 'we remain comfortable with our Outperform rating'
October 31, 2024 7:38 AM EDTBaird analyst Ghansham Panjabi reiterated an Outperform rating and $18.00 price target on O-I Glass Inc. (NYSE: OI).
The analyst comments "October 31, 2024 Baird Equity Research Packaging & Coatings O-I Glass, Inc. (OI) Earnings at a Cyclical LowPulling the Right Levers O-I Glass,... More
CFRA Downgrades O-I Glass Inc. (OI) to Sell, 'weakening fundamentals and unrealistic guidance from management'
October 30, 2024 4:48 PM EDTCFRA downgraded O-I Glass Inc. (NYSE: OI) from Hold to Sell with a price target of $10.00 (from $15.00).
The analyst comments "We cut our 12-month target by $5 to $10 on an EV/EBITDA of 4.7x our 2025 EBITDA estimate, a discount to OI's three-year average EBITDA of 5.4x due to... More
