Wells Fargo analyst Sam Reid raised the firm’s price target on Owens Corning (OC) to $170 from $165 and keeps an Overweight rating on the shares. The firm says it gets Owens Corning’s rally as headline Q2 numbers were solid, with Q3 EPS moving up on slightly better-than-expected guide. Residential insulation likely stays pressured, but favorable execution elsewhere is enough to keep Wells positive overall, the firm adds.
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