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Fly News Breaks for August 29, 2018
OC
Aug 29, 2018 | 07:42 EDT
After meeting with Owens Corning, Nomura Instinet analyst Michael Wood believes concerns over roofing pricing are overblown. Owens implemented its fourth roofing price increase in early August of 4%-6%, Wood tells investors in a research note. He believes a guidance reiteration would serve as a catalyst for shares of Owens Corning and keeps a Buy rating on the name with an $88 price target.
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