Evercore ISI analyst Stephen Kim raised the firm’s price target on Owens Corning (OC) to $165 from $160 and keeps an In Line rating on the shares. After Owens Corning hosted its 2025 investor day and unveiled FY28 targets, the firm said it was “encouraged” by the company’s focus on internal investment opportunities and its commitment to returning cash to shareholders. Underlying the longer-term outlook is a “conservative” expectation for organic volume growth and “what we believe to be an achievable profitability path,” the analyst added.
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Read More on OC:
- Owens Corning: Balancing Optimism and Caution Amidst Restructuring and Growth Ambitions
- Owens Corning price target raised to $160 from $150 at Wells Fargo
- 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
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