BofA analyst Rafe Jadrosich raised the firm’s price target on Owens Corning to $152 from $127 and keeps a Buy rating on the shares ahead of Q2 earnings. The firm’s channel checks and commentary from public homebuilders indicate the inflection in single-family housing starts that began in Q2 will continue into the second half and it expects the acceleration of housing starts to drive upside for Owens Corning’s insulation segment.
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