Owens Corning price target raised to $113 from $107 at Barclays

Barclays analyst Matthew Bouley raised the firm’s price target on Owens Corning to $113 from $107 and keeps an Equal Weight rating on the shares. The analyst increased estimates post the Q1 results. Owens continues to defy expectation for a sharper margin reset, particularly in the Insulation business, Roofing margins remain elevated, and pricing trends seem stable, the analyst tells investors in a research note.