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Fly News Breaks for April 26, 2018
OC
Apr 26, 2018 | 08:39 EDT
Jefferies analyst Philip Ng recommends buying shares of Owens Corning aggressively following yesterday's 11% selloff. The analyst, who trimmed his 2018 estimates by less than 1% o reflect the timing lag of price increases, says Owens Corning is the one name in the group where estimates could materially surprise to the upside in the next 12-18 months. He believes the business is seeing good momentum and that shares are attractively valued. Ng keeps a Buy rating on Owens with a slightly reduced price target of $102.
News For OC From the Last 2 Days
OC
Apr 24, 2024 | 06:23 EDT
Sees Q2 EBIT margin 20%. Sees FY24 effective tax rate 24%-26%.
OC
Apr 24, 2024 | 06:20 EDT
OC
Apr 24, 2024 | 06:12 EDT
Sees FY24 interest expense $70M-$80M; effective tax rate on adjusted earnings 24%-26%; capital additions $550M; and depreciation and amortization $550M.
OC
Apr 24, 2024 | 06:10 EDT
