Owens Corning price target lowered to $123 from $143 at Wells Fargo

Wells Fargo lowered the firm’s price target on Owens Corning to $123 from $143 and keeps an Equal Weight rating on the shares. The firm notes the company’s Q3 was mixed and with pressure in Q4 mounting, shares are justifiably lower. Long-term Owens Corning is best-in-class but amidst near-term uncertainty, Wells stay sidelined.