OI Surges As Citi Upgrade Flags Oversold Opportunity
O-I Glass Inc. (OI) shares rose 11.91% after Citi upgraded the stock to Buy with a $9 price target, citing oversold conditions. Q2 revenue was $1.67B, but margins were deeply negative due to impairments. The company has high debt but stable cash flow. Analysts highlight improving cash generation and constructive recent news flow, with consensus targets around $9.50.




