O-I Glass price target raised to $26 from $24 at Baird

Baird analyst Ghansham Panjabi raised the firm’s price target on O-I Glass to $26 from $24 and keeps an Outperform rating on the shares. The analyst said he continues to see a path towards valuation multiple expansion, noting that the firm’s price target is based on a modest 10x our 2023 EPS estimate of $2.55.