As reported earlier, BofA/Merrill analyst George Staphos upgraded Owens-Illinois (OI) and Crown Holdings (CCK) to Buy from Neutral, raising their respective price target to $62 from $58 and to $22 from $20 as part of his broader research note on Packaging names. The analyst notes that the former should benefit from easier comparisons and various one-offs in 2018, while the latter should "get a boost from annualizing Signode, rebounding from '18's freight issues in the Americas and easier comps in Europe". Staphos adds that investors may turn to more value-oriented names after the elections, as the gridlock in U.S. Congress will likely produce a slower rate of growth and a weaker US dollar.