O-I Glass price target lowered to $14 from $16 at Loop Capital

Loop Capital lowered the firm’s price target on O-I Glass to $14 from $16 and keeps a Hold rating on the shares. The company’s Q1 earnings topped estimates but volumes declined within its Americas and Europe segments, the analyst tells investors in a research note. Longer term, OI‘s global volumes should benefit at least modestly from increased at-home beverage consumption in a post-pandemic environment, but shares look fairly valued at the present time, the firm added.