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Fly News Breaks for July 23, 2015
OC
Jul 23, 2015 | 07:25 EDT
As noted earlier, Stifel upgraded Owens Corning to Buy from Hold. After the company reported higher than expected EPS, Stifel is more upbeat about the company's roofing and composites margins. The firm thinks the company's free cash flow will improve going forward, and it notes that all three of the company's business units are growing. Stifel adds that the shares are trading at a discount to the company's building products peers, providing an opportunity. Target $54.50.
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