OI
Another slice off the price target
Truist Financial took a pair of scissors to its view of O-I Glass, cutting the price target from $20 to $15 while keeping a Buy rating in place. That still implies upside from the current share price around $10.63, but it’s a lot less champagne-toast than before.
Why this matters
Analyst calls can feel a little like weather forecasts for your portfolio: not always right, but annoying when they all start saying “carry an umbrella.” O-I is already dealing with a rough tape, and this latest target cut lands in a pretty skeptical neighborhood.
Other firms have been leaning gloomy too:
- Zacks Research recently slapped the stock with a Strong Sell
- Citi moved to Neutral with a $12 target
- The broader consensus is sitting around Hold
The bigger headache
This isn’t just about one analyst getting nervous. The article points to softer earnings expectations and a chunky debt-to-equity ratio of 3.35, which means investors are still asking whether the company can defend margins and clean up the balance sheet at the same time.
Big picture: Truist didn’t run for the exits, but it did lower the ceiling. For O-I Glass, that’s still a reminder that Wall Street likes the story less than it likes the math.