Owens Corning price target lowered to $184 from $199 at RBC Capital

RBC Capital analyst Mike Dahl lowered the firm’s price target on Owens Corning (OC) to $184 from $199 and keeps an Outperform rating on the shares. The firm is reducing its FY25 EPS view to $13.46 from $14.63 after the company’s weaker Q2 guide, projecting lower demand across segments, tempering insulation pricing, and modeling incremental tariff impact, the analyst tells investors in a research note. RBC adds however that valuation remains supportive and earnings are still relatively more resilient vs. peers.