In a report released yesterday, Gabrial Hajde from Wells Fargo reiterated a Buy rating on O-I Glass (OI – Research Report), with a price target of $16.00.
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Gabrial Hajde has given his Buy rating due to a combination of factors that highlight O-I Glass’s potential for growth and improvement. The company’s management has effectively communicated their self-help strategy, which is crucial for maintaining investor interest and confidence. This strategy is expected to drive earnings growth and improve execution, making O-I Glass an attractive investment opportunity with significant upside potential over the coming years.
Additionally, O-I Glass has set ambitious targets for 2029, including substantial cost savings and a shift towards a more profitable product mix. The company aims to enhance its competitiveness in both mainstream and premium segments, with a focus on innovation and design in the premium market. Despite some uncertainties related to tariffs, O-I Glass’s localized operations and the absence of specific tariffs on glass position it well to benefit from shifts in consumer demand. These factors collectively support the Buy rating, reflecting confidence in the company’s strategic direction and financial targets.
In another report released on March 13, RBC Capital also maintained a Buy rating on the stock with a $16.00 price target.