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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 09:09 EDT
Baird analyst Ghansham Panjabi said O-I Glass remains a top pick for 2020 as its fundamentals continue to stabilize. He said its high volatility is likely to persist for the near-term as the shares maintain a lack of broad-based shareholder ownership. He said a combination of stabilizing execution, free cash flow acceleration, and a self improvement dynamic provides a risk/reward profile that is skewed to the upside. Panjabi reiterated his Outperform rating and raised his price target to $22 from $17 on O-I Glass shares.
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