RBC Capital analyst Mike Dahl lowered the firm’s price target on Owens Corning (OC) to $175 from $183 and keeps an Outperform rating on the shares. The company’s Q4 earnings beat saw a solid Roofing/Insulation result, which more than offset ongoing weakness in Composites, the analyst tells investors in a research note. The firm adds however that the management didn’t provide more color around the Masonite (DOOR) acquisition, which may remain an overhang on the stock.
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Read More on OC:
- Owens Corning Is Worried About This – Should You Be Worried Too?
- Owens Corning sees Q1 sales ‘slightly below’ last year, consensus $2.32B
- Owens Corning reports Q4 adjusted EPS $3.21, consensus $2.85
- Masonite downgraded to Hold from Buy at Deutsche Bank
- Owens Corning downgraded to Equal Weight from Overweight at Barclays