Owens Corning price target raised to $215 from $188 at Loop Capital

Loop Capital analyst Garik Shmois raised the firm’s price target on Owens Corning (OC) to $215 from $188 and keeps a Buy rating on the shares after hosting its CFO for investor meetings. The discussion has left the firm more positive on several items, including the logic of Masonite (DOOR) deal and the related synergy path, the near- to medium-term roofing and insulation fundamentals, and Owens Corning’s improving product portfolio on the assumptiong that the glass reinforcements business within composites could likely be sold, the analyst tells investors in a research note.