Barclays lowered the firm’s price target on Owens Corning to $153 from $185 and keeps an Overweight rating on the shares. The firm says that while consistent proof of structurally higher roofing margins “is the real story,” Owens Corning fell victim to the “near-term game of elevated investor expectations into the print.”
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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