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Fly News Breaks for March 23, 2017
OC
Mar 23, 2017 | 07:15 EDT
Jefferies analyst Philip Ng left meetings with Owens Corning management comfortable that the insulation market is poised for higher prices in the second half of 2017. Margins could return to levels comparable to the last cycle in the next few years, Ng tells investors in a research note. Further, the analyst thinks pent-up demand in re-roofing is "getting released" and that margins should remain high. He keeps a Buy rating on Owens Corning with a $71 price target.
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