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 Q3 was mixed and shares were justifiably lower. Long-term Owens Corning is best-in-class but amidst near-term uncertainty, Wells stays sidelined.
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Read More on OC:
- Owens Corning files automatic mixed securities shelf
- Owens Corning price target lowered to $123 from $143 at Wells Fargo
- Owens Corning sees Q4 net sales ‘slightly below’ 4Q22, consensus $2.28B
- Owens Corning reports Q3 adjusted EPS $4.15, consensus $3.82
- Owens Corning management to meet with Loop Capital
