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Fly News Breaks for May 17, 2018
OC
May 17, 2018 | 08:32 EDT
Jefferies analyst Philip Ng believes shares of Owens Corning are oversold and offer one of the best risk/reward profiles in the group at current levels. The analyst attributes the pullback to concerns around roofing margins, but says he sees signs of better than expected traction on the March increase. He believes a multi-year pricing cycle could boost Owens Corning's earnings by 15% annually. The analyst keeps a Buy rating on the shares with a $102 price target.
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