Owens Corning downgraded to Equal Weight from Overweight at Barclays

Barclays downgraded Owens Corning (OC) to Equal Weight from Overweight with a price target of $160, down from $170. The analyst moves to the sidelines following Owens’s announced acquisition of Masonite (DOOR) and exploration of strategic alternatives for its Glass Reinforcements business. The firm says the deal alters the stock’s narrative.