Owens Corning price target raised to $190 from $160 at Barclays

Barclays raised the firm’s price target on Owens Corning to $190 from $160 and keeps an Equal Weight rating on the shares after hosting meetings with management. Roofing and Insulation “have bright outlooks” and should sustain elevated margins, the analyst tells investors in a research note. The firm, however, awaits the digestion of Masonite, de-leveraging, and return to share buybacks.