Wells Fargo raised the firm’s price target on Owens Corning (OC) to $160 from $150 and keeps an Overweight rating on the shares. The firm says that fresh return targets signals Owens sees its stock as its best investment. New EBITDA targets present compelling fundamentals, albeit with wider-than-ideal ranges, Wells adds.
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Read More on OC:
- Owens Corning: Strong Buy Rating Backed by Promising Financial Outlook and Strategic Growth Initiatives
- Owens Corning announces 12M share stock repurchase program
- Owens Corning price target lowered to $150 from $165 at Truist
- Wolfe upgrades Owens Corning to Outperform on roofing strength
- Owens Corning upgraded to Outperform from Peer Perform at Wolfe Research
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