O-I Glass price target raised to $27 from $23 at Truist

Truist analyst Michael Roxland raised the firm’s price target on O-I Glass to $27 from $23 and keeps a Buy rating on the shares. The company’s Q4 results were "solid" and its demand remains strong, with growth only limited by available capacity, depleted inventories, and elevated asset project activity, the analyst tells investors in a research note. The firm further states that backlogs in Europe and Latin America are elevated with both regions continuing to import glass.