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Fly News Breaks for December 6, 2018
OC
Dec 6, 2018 | 08:01 EDT
After hosting investor meetings with management, Jefferies analyst Philip Ng says Owens Corning is a "prime candidate for a rebound in 2019." After a challenging 2018, the company is setup favorably with easy comps in roofing, a potential cost tailwind in oil, good pricing momentum in insulation and roofing, and optionality in capital deployment, Ng tells investors in a research note. He keeps a Buy rating on Owens Corning with a $73 price target.
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