Barclays Maintains Equal-Weight Rating for O-I Glass: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of O-I Glass OI and lower its price target from $18.00 to $16.00.

Shares of O-I Glass are trading up 0.0% over the last 24 hours, at $14.63 per share.

A move to $16.00 would account for a 9.36% increase from the current share price.

About O-I Glass

O-I Glass is the world's largest manufacturer of glass bottles; 70% of its revenue comes from outside the United States. O-I has a market-leading position in key markets such as Europe, North America, and Brazil, among others. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. In the coming years, O-I is looking to maintain or expand its dominant positions in Europe, North America, and South America.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.