2021-01-20 07:30:45 OI O-I Glass
01/20/21 01/2007:30 01/20/2107:30 | O-I Glass downgraded to Hold from Buy at Deutsche BankDeutsche Bank analyst Kyle White downgraded O-I Glass to Hold from Buy with a price target of $14, down from $15 after taking over coverage of the paper and packaging sector. Beverage cans is the group he's most positive on going forward given "underlying global demand along with favorable contract structures that are still being played out." In containerboard, White expects continued demand strength in the first half of the year and believes a price increase is imminent. However, the analyst is cautious that it "could mark the peak for current industry fundamentals.". |
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