BofA raised the firm’s price target on Owens Corning (OC) to $140 from $132 and keeps a Buy rating on the shares. Despite a Q4 adjusted EPS miss and Q1 guidance that came in below expectations, the firm raised its target as it rolls forward its target multiple.
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Read More on OC:
- Owens Corning price target raised to $132 from $117 at Evercore ISI
- Owens Corning: Long-Term Buy on Recovery-Driven Upside Despite Near-Term Cyclical Headwinds
- Owens Corning: Near-Term Softness, Undervalued Medium-Term Earnings Power Supports Buy Rating and Higher Target
- Owens Corning price target raised to $172 from $160 at UBS
- Owens Corning Earnings Call Balances Strength and Strain
