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Fly News Breaks for April 24, 2019
OC
Apr 24, 2019 | 16:43 EDT
Stifel analyst John Baugh downgraded John Baugh downgraded Owens Corning to Hold from Buy and lowered his price target for the shares to $53 from $60. All three of the company's key business units, or Roofing, Insulation and Composites, are facing volume pressures that are unlikely to change in the near term, Baugh tells investors in a research note. While the stock is "relatively inexpensive," the loss of an EBIT "growth story near term makes it difficult to recommend purchase," says the analyst following Owens' Q1 results.
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
