O-I Glass price target raised to $31 from $27 at Truist

Truist raised the firm’s price target on O-I Glass to $31 from $27 and keeps a Buy rating on the shares. The company’s Q1 results were "solid", and its 2024 EPS is likely to be higher than 2023 due to volume growth, Margin Expansion Initiatives, continued operational/manufacturing performance, and inflation pass-through, the analyst tells investors in a research note.