BofA lowered the firm’s price target on Owens Corning (OC) to $138 from $140 and keeps a Buy rating on the shares. The firm expects Q1 earnings at the low-end of guidance for most building product manufacturers and distributors and lowers its 2026 and 2027 EPS forecasts for the building products companies under coverage by 4% and 3%, respectively, the analyst tells investors in an earnings preview for the group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OC:
- Owens Corning price target raised to $135 from $125 at Wells Fargo
- Owens Corning Revises Glass Reinforcements Business Sale Terms
- Owens Corning price target lowered to $126 from $132 at Evercore ISI
- Owens Corning price target lowered to $125 from $155 at Wells Fargo
- Owens Corning price target lowered to $135 from $138 at Barclays