Truist cuts price targets on three companies but keeps Buy ratings

what happened

Analysts at Truist Securities kept Buy ratings on Smurfit WestRock, ServiceNow and O-I Glass, while cutting the price target on each of the three stocks. The information comes from TradingView, which cites Benzinga reference data.

For Smurfit WestRock, the target was lowered from $54 to $51, a 5.6% decrease. The new target implies 26.5% upside from the October 28 close of $40.33. For ServiceNow, the target fell from $180 to $150, a 16.7% cut, and now sits roughly in line with the October 28 close of $150.13. For O-I Glass, the target dropped from $8 to $7, a 12.5% decrease, which implies 24.3% upside from the $5.63 close.

why it matters

For markets this is a routine update to analyst estimates. Keeping ratings while trimming targets usually does not change the broader picture for these stocks. Still, across the five most recent ServiceNow notes, targets range from $110 to $175, a wide spread that shows how far analysts' views on the company diverge.

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