Owens Corning price target raised to $157 from $138 at Loop Capital

Loop Capital analyst Garik Shmois raised the firm’s price target on Owens Corning to $157 from $138 and keeps a Buy rating on the shares. The company reported another stellar quarter driven by record roofing results, which helped offset insulation and composites prints, the analyst tells investors in a research note. The firm adds that it sees near term catalysts from roofing revenue and margin growth along with an eventual recovery in insulation later this year.