- BofA analyst George Staphos downgraded Pactiv Evergreen Inc PTVE to Neutral from Buy with a price target of $13 (29.6% upside).
- The analyst also downgraded O-I Glass Inc OI to Neutral from Buy with a price target of $14 (7% upside).
- Staphos foresees a chance for macroeconomic trends to decelerate. He lowered his ratings on both the companies as a precaution ahead of the quarterly report.
- The analyst thinks that investors should move to higher quality and returns in the current environment.
- Price Action: PTVE shares are trading lower by 2.53% at $10.03 and OI lower by 1.73% at $13.08 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
