Owens Corning price target lowered to $215 from $245 at Barclays

Barclays lowered the firm’s price target on Owens Corning (OC) to $215 from $245 and keeps an Overweight rating on the shares. The firm says glass reinforcements divestiture “creates some model noise” that distracts from tee sales and margin strength in Roofing. The sale proceeds are going to high-return investments and buybacks, the analyst tells investors in a research note.