Citi upgraded Owens Corning to Buy from Neutral with a price target of $191, up from $178. The analyst cites potential upside in roofing, composites and doors as well as the stock’s discounted valuation for the upgrade. The firm expects the potential upside to more than offset potential headwinds in insulation. Citi anticipates positive earnings revisions and says Owens Corning’s valuation is “compelling.”
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