Wells Fargo raised the firm’s price target on Owens Corning (OC) to $145 from $130 and keeps an Overweight rating on the shares. The firm notes 2026 is off to a volatile start. Ahead of quarterly results, Wells says builders are very risky post the rally and products are mixed, though not compelling. Simply put, don’t chase, the firm argues.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $143 from $145 at RBC Capital
- Owens Corning price target lowered to $135 from $137 at Citi
- Owens Corning price target lowered to $160 from $179 at UBS
- Owens Corning promotes Jose Mendez-Andino to chief innovation officer
- Owens Corning price target lowered to $130 from $150 at Wells Fargo