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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OC:
- Owens Corning Offers Executive Bonuses for Sale Retention
- Owens Corning price target raised to $175 from $155 at Argus
- Masonite price target raised to $133 from $87 at RBC Capital
- Snowflake downgraded, Coinbase upgraded: Wall Street’s top analyst calls
- Owens Corning price target lowered to $175 from $183 at RBC Capital
Questions or Comments about the article? Write to editor@tipranks.com