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Fly News Breaks for June 27, 2019
OC
Jun 27, 2019 | 06:26 EDT
BofA/Merrill analyst John Lavallo upgraded Owens Corning to Buy and raised his price target to $72 from $58 citing potential portfolio momentum following another special situations focused investor building a position in Owens shares. The analyst said the building sector may be entering a period of deconsolidation and companies such as Owens can create shareholder value more effectively allocating capital towards higher growth opportunities and returns, or towards buybacks, dividends, and debt reduction.
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