Argus raised the firm’s price target on Owens Corning to $175 from $155 and keeps a Buy rating on the shares. The analyst cites the company’s recent Q4 earnings beat and strength in the housing and construction markets, warning however that higher interest rates could slow them somewhat. Owens Corning shares are generally trading at a deep discount to those of other building supply companies, though that these discounts are no longer warranted, Argus added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on OC:
- Masonite price target raised to $133 from $87 at RBC Capital
- Snowflake downgraded, Coinbase upgraded: Wall Street’s top analyst calls
- Owens Corning price target lowered to $175 from $183 at RBC Capital
- Owens Corning price target raised to $145 from $115 at Truist
- Owens Corning downgraded to Underperform from Neutral at Zelman
