Jefferies reinstated coverage of Owens Corning with a Buy rating and $215 price target after the company completed the acquisition of Masonite on May 15. While the door industry has shown limited growth this cycle, Owens has proven it can maximize value in low growth categories, contends the analyst, who sees good value in the shares with the insulation and roofing market on allocation and composites bottoming.
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- Owens Corning Expands Portfolio with Strategic Acquisition
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- Masonite shareholders approve takeover by Owens Corning
- Owens Corning price target raised to $165 from $145 at Truist
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