Weekly Recap: O-I Glass Inc cuts 2026 EBITDA guidance and analysts lower price targets

What happened

O-I Glass reported third-quarter sales down 1.8% year over year to $1.623 billion and adjusted EBITDA, a measure of operating earnings, of $234 million versus $329 million a year earlier. It cut its 2026 EBITDA outlook to $925 million–$950 million. Citigroup and Truist kept Buy ratings but lowered their price targets.

Confirmed

Global impact / market context

Lower sales and operating earnings suggest weaker business performance, while the reduced 2026 outlook signals the company expects lower earnings ahead. If that outlook translates into less cash generated, O-I Glass may have less room to fund operations or capital spending; the article gives no cash-flow details.

Analyst inference

The analysts cited retained Buy ratings while lowering their price targets: Citigroup moved from $9 to $8, and Truist from $8 to $7. This shows their stated ratings remained positive, but their revised targets reflected less expected share-price upside or value than before.

Analyst inference

What to watch

1. Compare upcoming quarterly sales and adjusted EBITDA with these results to see whether the decline continues; sustained weakness could add pressure to earnings expectations. Analyst inference
2. Check whether O-I Glass changes its 2026 EBITDA outlook again, since another reduction would indicate that expected operating earnings have weakened further. Analyst inference
3. Watch for updates to Citigroup's and Truist's ratings or price targets; further cuts could signal analysts expect less value or upside than previously projected. Analyst inference

Evidence

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