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OC

Owens Corning

$79.48

-0.12 (-0.15%)

08:53
10/11/17
10/11
08:53
10/11/17
08:53

Owens Corning price target raised to $$88 from $80 at Evercore ISI

Evercore ISI analyst Stephen Kim came away from last week's Insulation Contractors convention incrementally more positive about the long-term pricing outlook for Owens Corning, as well as the current capacity layout in the industry. Kim said the early-September round of insulation price increased have gained traction and believes his current forecast for a 3% pricing increase in 2018 appears conservative. As a result, the analyst raised Owens Corning's price target to $88 from $80 and reiterated his Outperform rating on shares.

  • 25

    Oct

OC Owens Corning
$79.48

-0.12 (-0.15%)

09/11/17
09/11/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Snap (SNAP) downgraded to Hold from Buy at Deutsche Bank with analyst Lloyd Walmsley saying the risk/reward is more balanced with the shares up 29% since August 11. 2. Owens Corning (OC) downgraded to Neutral from Buy at Nomura Instinet with analyst Michael Wood saying high expectations create a balanced risk/reward at current share levels. 3. Kroger (KR) downgraded to Hold from Buy at Deutsche Bank with analyst Shane Higgins saying the company's sales and earnings growth for the next few years are likely to be below historical averages as it enters a period of increased investment, which warrants a lower multiple. 4. Sony (SNE) downgraded to Neutral from Buy at Citi with analyst Kota Ezawa saying the shares, following the recent rally, are now around fair value. The analyst expects the company's earnings growth to slow. 5. Newell Brands (NWL) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy citing management's "recent cautionary commentary" on its outlook for the second half of 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/17
NOMU
09/11/17
DOWNGRADE
Target $79
NOMU
Neutral
Owens Corning downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Michael Wood downgraded Owens Corning to Neutral saying high expectations create a balanced risk/reward at current share levels. The analyst raised his price target for the shares to $79 from $74.
08/31/17
08/31/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FMC Corporation (FMC) upgraded to Buy from Underperform at BofA/Merrill with analyst Steve Byrne double upgrading FMC following survey results that indicate ag sales are likely to increase 1-3% rather than decline 1-3%, as previously expected. 2. Owens Corning (OC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Stephen East saying he sees an "inexpensive valuation" versus peers and has increased comfort in Owens' ability to achieve or surpass this year's targets. Hurricane Harvey is a boost to the company's roofing business, but its insulation replacement "may be the bigger winner," East tells investors. 3. ChannelAdvisor (ECOM) upgraded to Overweight from Equal-Weight at First Analysis with analyst Lawrence Berlin citing increased confidence in the company's ability to accelerate growth and hit its mid-teen growth targets after meeting with management. 4. Abercrombie & Fitch (ANF) upgraded to Sector Perform from Underperform at RBC Capital with analyst Brian Tunick saying a return to profitability in the second half of 2017 is more likely following Q2 results that suggest that turnaround efforts are yielding results faster than anticipated. 5. Transocean (RIG) upgraded to Overweight from Equalweight at Capital One with analyst Joseph Gibney saying the group is exhibiting some modest "green shoots" and sees upside to Transocean on a relative basis even in a long/measured recovery and some semblance of contracting pickup. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/31/17
WELS
08/31/17
UPGRADE
Target $83
WELS
Outperform
Wells Fargo upgrades Owens Corning after Harvey, management meetings
Wells Fargo analyst Stephen East last night upgraded Owens Corning to Outperform from Market Perform with an $83 price target. The glass fiber maker closed yesterday up $1.57 to $71.76. The analyst sees an "inexpensive valuation" versus peers and has increased comfort in Owens' ability to achieve or surpass this year's targets while generating "substantial" free cash flow over the next several years after spending time with management. Hurricane Harvey is a boost to the company's roofing business, but its insulation replacement "may be the bigger winner," East tells investors in a research note.

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SKX

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BCS

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WFBI

WashingtonFirst

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AMZN

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PLUG

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HON

Honeywell

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0.21 (0.15%)

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ETFC

E-Trade

$43.92

0.14 (0.32%)

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$NSD

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$NYE

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AAPL

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BCS

Barclays

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DB

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PG

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AAPL

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