Owens Corning price target raised to $172 from $154 at Evercore ISI

Evercore ISI raised the firm’s price target on Owens Corning to $172 from $154 and keeps an In Line rating on the shares after the company reported “strong” Q1 adjusted EPS in what the firm calls “another solid quarter.” Macro pressure overseas, particularly in Composites, will be an offsetting headwind in the second half while the integration of Masonite, which is expected to close mid-year, brings increased execution risk and will temporarily diminish the company’s share buybacks, the analyst tells investors.