Truist analyst Keith Hughes raised the firm’s price target on Owens Corning to $105 from $85 but keeps a Hold rating on the shares. The company’s Q4 results were above consensus and its Q1 outlook was below estimates, but the weak start to the year was expected and stock continues to not react to negative news, the analyst tells investors in a research note. Investor focus now shifts to movement in product selling prices, where insulation will likely do comparatively well but roofing remains a wildcard, the firm added.
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- Owens Corning price target raised to $125 from $102 at Loop Capital
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