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.
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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