Loop Capital raised the firm’s price target on Owens Corning to $188 from $167 and keeps a Buy rating on the shares as part of a broader research note on Building Products. The firm is boosting its estimates after “another round of better-than-expected roofing checks” and sees upside to Q1 on volume and FY24 on pricing. Owens Corning shares remain cheap, with roofing fundamentals holding in better than potentially feared this year, Loop added.
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