Truist raised the firm’s price target on Owens Corning (OC) to $125 from $120 and keeps a Hold rating on the shares. The company reported Q1 results above consensus estimates, though these were expected given a roofing pre-buy ahead of price increases, the analyst tells investors in a research note. Inflation in roofing could increase at current prices given falling asphalt in 2025, but the war direction could push this in either direction, the firm added.
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Read More on OC:
- Owens Corning price target raised to $139 from $130 at Evercore ISI
- Owens Corning price target raised to $136 from $133 at Deutsche Bank
- Owens Corning reports Q1 adjusted EPS $1.22, consensus 96c
- Owens Corning sees Q2 cont ops revenue $2.6B-$2.7B, consensus $2.55B
- Owens Corning Earnings Call Highlights Margin Resilience