Owens Corning price target lowered to $179 from $185 at Goldman Sachs

Goldman Sachs analyst Susan Maklari lowered the firm’s price target on Owens Corning (OC) to $179 from $185 and keeps a Neutral rating on the shares after its Q4 results. Following earnings, the firm is increasingly confident in the benefits from the ongoing strategic shift to a more capital efficient pure-play building product company that will come through over time, the analyst tells investors in a research note. The integration of Masonite is also on track to meet or exceed the targeted $125mn of cost synergies by the end of year 2, supporting a recovery in the segment EBITDA margin to the 20% target over time, the firm added.