O-I Glass Reports Full Year and Fourth Quarter 2022 Results
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RBC Capital upgrades O-I Glass (OI) on positive guidance
February 2, 2023 10:49 AM ESTRBC Capital Markets upgraded O-I Glass, Inc. (NYSE: OI) to an Outperform rating (From Sector Perform) and raised the price target on the stock to $34.00 (From $20.00) following the glass makers 2023 guidance.
OI guided to 2023 EBITDA ~15% above Street due to structurally better operations across its system in NA and Europe and a sold-out position in Europe and South America. To address the sold-out... More
