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Fly News Breaks for December 10, 2019
OI
Dec 10, 2019 | 05:18 EDT
Goldman Sachs analyst Brian Maguire upgraded Owens-Illinois to Buy from Neutral with a price target of $13, up from $10.50. The analyst sees "clearer evidence" that the company is taking action to unlock value via asset sales and self-help. Further, the stock's valuation is now attractive after declining 42% in 2019, Maguire tells investors in a research note. He believes 2020 earnings estimates are bottoming and reflect Owens-Illinois' end market challenges.
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