Wells Fargo Slashes PT on O-I Glass (OI) to $14 From $15

O-I Glass, Inc. (NYSE:OI) is one of the best small cap low volatility stocks to invest in. On August 4, Wells Fargo analyst Gabe Hajde lowered the firm’s price target on O-I Glass, Inc. (NYSE:OI) to $14 from $15 while keeping an Equal Weight rating on the shares.

A factory floor with industrial line machinery operating, producing glass containers.

The firm told investors that O-I Glass, Inc. (NYSE:OI) is exhibiting solid performance on its self-help initiatives, which is supporting growth in profits despite mixed end markets.

Wells Fargo added that the post-earnings stock reaction was a bit harsh, but the firm is waiting for better signs of end-market stability to adopt a constructive view.

O-I Glass, Inc. (NYSE:OI) manufactures glass products, offering them to the food and beverage sector. The company’s operations are divided into the Americas and Europe geographical segments.

While we acknowledge the potential of OI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OI and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.