Owens Corning price target raised to $172 from $160 at UBS

UBS raised the firm’s price target on Owens Corning (OC) to $172 from $160 and keeps a Buy rating on the shares. The firm continues to believe that 2026 will be a better year for housing given stabilizing housing inventory, solid pent up demand, mortgage rates that are about 100bps lower y/y and early signs of improving consumer confidence, the analyst tells investors in a research note. A higher valuation multiple is warranted as investors look past current market softness, UBS added.