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Fly News Breaks for April 25, 2018
OI
Apr 25, 2018 | 06:21 EDT
BofA/Merrill analyst George Staphos downgraded Owens-Illinois to Neutral and cut the price target to $27 from $30. The analyst said the company reported a "good" Q1 report but his thesis has played out and shares have regained the to the low-to-mid $20s recently. Further, management comments indicate glass pricing strength has already been realized and the Asia Pacific turnaround is progressing more slowly than anticipated, Staphos wrote in a note to investors.
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