Loop Capital analyst Garik Shmois lowered the firm’s price target on Owens Corning (OC) to $180 from $203 and keeps a Buy rating on the shares. The company reported a good Q1 but the shares sold off on the lower than expected Q2 guidance, which talked to softer North America insulation demand and modestly lower roofing shipments than the firm had been anticipating, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 lowered to $167 from $179 at Barclays
- Owens Corning: Strong Q1 Performance and Attractive Valuation Drive Buy Rating
- Owens Corning Reports Strong Q1 2025 Revenue Growth
- Owens Corning Reports Strong Q1 2025 Earnings
- Owens Corning reports Q1 adjusted EPS $2.97, consensus $2.87