Truist analyst Keith Hughes lowered the firm’s price target on Owens Corning to $115 from $135 and keeps a Hold rating on the shares. The stock fell 11% after Q3 earnings on a smaller beat than last quarter and guidance that will modestly bring down numbers in Q4, the analyst tells investors in a research note. Trust added that the macro environment in this group exposed to higher interest rates also makes any negatives magnified.
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