What Does Wall Street Think About O-I Glass (OI)?

O-I Glass, Inc. (NYSE:OI) is one of the most undervalued small cap stocks to invest in now. On October 13, Truist analyst Michael Roxland slashed the firm’s price target on O-I Glass, Inc. (NYSE:OI) to $17 from $21 while keeping a Buy rating on the stock. The rating update was released as part of a broader research note previewing Q3 results in the Packaging and Paper/Forest products sector.

The firm told investors that it is undertaking a selective adjustment of its estimates after meeting with companies in its coverage for a review of the quarterly trends. It also cited the $40/ton containerboard price hike, which is effective February 2026, as a notable factor.

Similarly, BofA lowered its price target on O-I Glass, Inc. (NYSE:OI) to $13 from $14 on October 9 and set a Neutral rating on the stock. The firm told investors that it sees a “mixed” Q3 for the packaging and paper/forest sector, with renewed pressure on the stocks. It also cited the 15% decline in the stock relative to the market since June 30.

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.

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