Keep An Eye On Owens-Illinois's Venezuelan Business

Deutsche Bank has published a research report on Owens-Illinois

following the company's 3Q earnings results. In the report, Deutsche Bank writes "Reported GAAP EPS of $0.84, pointing to underlying $0.90. DB at $0.85, Consensus at $0.86. 09Q3 was $0.95. Good news: volume growth in high-margin, developing regions like LA. Bad news: weak beer vol's in developed economies (esp. NA). Outlook for Q4 points to continued disparity between developing & developed mkts along w/ hit from nationalization of O-I's Venezuelan business." Deutsche Bank maintains its Buy rating and $35 price target. Owens-Illinois closed yesterday at $28.05.