BofA Securities analyst George Staphos maintains $Owens-Illinois (OI.US)$ with a buy rating, and sets the target price at $15.
According to TipRanks data, the analyst has a success rate of 50.4% and a total average return of 5.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Owens-Illinois (OI.US)$'s main analysts recently are as follows:
Packaging has underperformed the S&P 500 by approximately 22% in 2024, while the Paper/Forest sector saw a relative decline of 7%, with ongoing weaknesses in volumes. Overall, there is a preference for the Packaging sector over Paper/Forest.
Packagers experienced notable underperformance in 2024 due to sluggish volumes and price/cost pressures, which led to negative revisions in estimates throughout the year. Despite these challenges, CEOs in the packaging sector are increasingly focusing on urgent strategic responses, including mergers and acquisitions.
Note:
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