Truist raised the firm’s price target on Owens Corning to $165 from $145 and keeps a Hold rating on the shares after its Q1 earnings beat. The company’s execution has remained excellent with more insulation pricing coming, while the management commentary also pointed toward potential insulation capacity additions, which are needed given tight supply, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OC: