O-I Glass price target raised to $18 from $16 at Barclays

Barclays raised the firm’s price target on O-I Glass to $18 from $16 and keeps an Equal Weight rating on the shares post the Q4 report. The shares reacted positively to better 2024 price/cost retention virus what was priced in, the analyst tells investors in a research note. The firm says a cheap valuation, improving free cash flow, and bottoming volumes should help the stock, although there remains some investor apprehension on volume and cash flow conversion.