RBC Capital raised the firm’s price target on Owens Corning (OC) to $148 from $134 and keeps an Outperform rating on the shares. Weak new residential business and rising raw materials continue to present near term headwinds, though support from Roofing/Insulation price and pockets of demand strength provide key offsets, the analyst tells investors in a research note.
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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