Truist lowered the firm’s price target on Owens Corning (OC) to $150 from $165 and keeps a Hold rating on the shares. The stock has recovered modestly since the decline that came on earnings, but the company’s markets are mostly weak, with pricing in insulation – feared to be potentially declining – and even roofing in a tough year seen as the main focus, the analyst tells investors in a research note.
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Read More on OC:
- Wolfe upgrades Owens Corning to Outperform on roofing strength
- Owens Corning upgraded to Outperform from Peer Perform at Wolfe Research
- Owens Corning price target lowered to $218 from $235 at UBS
- Owens Corning price target lowered to $184 from $199 at RBC Capital
- Owens Corning price target lowered to $180 from $203 at Loop Capital