Owens Corning price target lowered to $210 from $215 at Loop Capital

Loop Capital analyst Garik Shmois lowered the firm’s price target on Owens Corning (OC) to $210 from $215 and keeps a Buy rating on the shares as part of a broader research note on Roofing names. The firm is citing a softer near term residential construction outlook, adding that consistent with this view, Loop’s recent roofing checks point to slight downside to residential volumes but inline commercial, the analyst tells investors in a research note. Loop further notes that pricing across both is stable but there is skepticism that pricing will go up over the next several months.