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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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