O-I Glass price target lowered to $21 from $25 at RBC Capital

RBC Capital lowered the firm’s price target on O-I Glass to $21 from $25 due to lower guidance and slower volume recovery than previously anticipated but keeps an Outperform rating on the shares after its Q1 earnings beat. The company continues to execute well, is focused on managing costs, and is well positioned to take advantage of the eventual volume recovery with premiumization and capacity additions, the analyst tells investors in a research note.