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OC

Owens Corning

$87.85

1.2 (1.38%)

16:31
12/07/17
12/07
16:31
12/07/17
16:31

Owens Corning raises quarterly dividend 5% to 21c per share

The dividend will be payable on January 17, 2018, to shareholders of record as of January 2, 2018.

OC Owens Corning
$87.85

1.2 (1.38%)

12/04/17
RBCM
12/04/17
UPGRADE
RBCM
Top Pick
Owens Corning upgraded to Top Pick from Outperform at RBC Capital
12/04/17
RBCM
12/04/17
UPGRADE
Target $112
RBCM
Top Pick
Owens Corning upgraded to Top Pick at RBC Capital on positive FY18 outlook
As reported earlier, RBC Capital analyst Robert Wetenhall upgraded Owens Corning to Top Pick from Outperform and raised his price target to $112 from $100. Wetenhall says the rating change reflects his increased confidence in FY18 outlook, projecting a double-digit EBITDA growth rate and a robust free cash flow generation. The analyst notes that the structural portfolio changes, rather than cyclical tailwinds, have contributed to the company's stronger financial performance, adding that Owens Corning will have a "sustainable competitive advantage" if the economy continues expanding.
12/04/17
12/04/17
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. UPS (UPS) upgraded to Buy from Hold at Deutsche Bank with analyst Amit Mehrotra saying the current valuation overly discounts the company's heightened investment cycle given its e-commerce growth opportunities. 2. Waters (WAT) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Steve Beuchaw citing the firm's October lab survey indicated that Pharma R&D budgets will accelerate in 2018 and Waters' implied market share loss in Pharma labs has moderated. 3. Globus Medical (GMED) upgraded to Outperform from Market Perform at Wells Fargo with analyst Larry Biegelsen saying he likes the company's diversification strategy amid a "weak" spine market. 4. eBay (EBAY) upgraded to Outperform from Market Perform at BMO Capital with analyst Daniel Salmon saying the current consensus for Gross Merchandise Volume are conservative, as it will likely accelerate its growth rate in 2018. 5. Owens Corning (OC) upgraded to Top Pick from Outperform at RBC Capital with analyst Robert Wetenhall saying the rating change reflects his increased confidence in fiscal 2018 outlook, projecting a double-digit EBITDA growth rate and a robust free cash flow generation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/17
ARGS
12/06/17
INITIATION
Target $109
ARGS
Buy
Owens Corning initiated with a Buy at Argus
Argus analyst Michael Jaffe initiated Owens Corning with a Buy rating and a price target of $109. Jaffe says conditions in the housing and construction markets remain strong, allowing the company to post solid results in the coming years. The analyst also notes a favorable valuation of 16.9-times his FY18 EPS view, below the peer building products companies' multiple of 27.7-times. In 2017, Jaffe says that Owens Corning will benefit from higher volume in all segments, led by roofing, as well as from the acquisitions of InterWrap and Pittsburgh Corning. In 2018, the analyst anticipates continued growth in sales and margins, driven by cost-savings initiatives.

TODAY'S FREE FLY STORIES

OESX

Orion Energy

$0.80

-0.0501 (-5.89%)

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SBUX

Starbucks

$68.05

0.14 (0.21%)

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Starbucks lays off 5%, or 350, corporate employees, Seattle Times reports »

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MET

MetLife

$46.01

1.29 (2.88%)

12:40
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  • 14

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CKPT

Checkpoint Therapeutics

$2.37

0.19 (8.72%)

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Checkpoint Therapeutics director Lindsay Rosenwald buys 100K shares of stock »

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HEAR

Turtle Beach

$15.81

0.56 (3.67%)

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Turtle Beach put volume heavy and directionally bearish »

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KORS

Michael Kors

$49.26

1.51 (3.16%)

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SBUX

Starbucks

$68.02

0.11 (0.16%)

12:32
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Starbucks to lay off 5% of corporate workforce, Dow Jones says »

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  • 13

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VOYA

Voya Financial

$46.22

1.635 (3.67%)

12:29
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  • 13

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NIO

NIO Inc.

$6.77

0.12 (1.80%)

12:25
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NIO Inc call volume above normal and directionally bullish »

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Conference/Events
William Blair specialty finance analyst holds a group luncheon »

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DVMT

Dell Technologies

$103.00

4.58 (4.65%)

, VMW

VMware

$151.32

3.16 (2.13%)

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DVMT

Dell Technologies

$103.00

4.58 (4.65%)

VMW

VMware

$151.32

3.16 (2.13%)

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AKRX

Akorn

$6.74

0.02 (0.30%)

, TEVA

Teva

$23.78

0.09 (0.38%)

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AKRX

Akorn

$6.74

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TEVA

Teva

$23.78

0.09 (0.38%)

AGN

Allergan

$163.97

0.15 (0.09%)

MYL

Mylan

$36.19

0.25 (0.70%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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SPY

SPDR S&P 500 ETF Trust

$274.51

1.92 (0.70%)

, SPX

S&P 500

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$274.51

1.92 (0.70%)

SPX

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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ETSY

Etsy

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12:15
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  • 13

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SPX

S&P 500

$0.00

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, SPY

SPDR S&P 500 ETF Trust

$274.18

1.59 (0.58%)

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SUM

Summit Materials

$13.58

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AMZN

Amazon.com

$1,659.40

22.7 (1.39%)

, HD

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-2.72 (-1.52%)

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AMZN

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$1,659.40

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HD

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AAPL

Apple

$195.05

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QRVO

Qorvo

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GE

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BHGE

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LITE

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JCI

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$139.74

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TSN

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$58.10

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AMZN

Amazon.com

$1,659.46

22.76 (1.39%)

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  • 14

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  • 04

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UPS

UPS

$110.25

2.51 (2.33%)

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  • 13

    Dec

SBGI

Sinclair Broadcast

$31.54

0.26 (0.83%)

, TRCO

Tribune Media

$39.10

-0.255 (-0.65%)

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Periodicals
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SBGI

Sinclair Broadcast

$31.54

0.26 (0.83%)

TRCO

Tribune Media

$39.10

-0.255 (-0.65%)

MDP

Meredith

$56.98

-0.06 (-0.11%)

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  • 13

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SWN

Southwestern Energy

$6.04

0.24 (4.14%)

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Options
Southwestern Energy call volume above normal and directionally bullish »

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  • 13

    Nov

ZEN

Zendesk

$53.52

0.32 (0.60%)

, AMZN

Amazon.com

$1,658.41

21.71 (1.33%)

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Zendesk

$53.52

0.32 (0.60%)

AMZN

Amazon.com

$1,658.41

21.71 (1.33%)

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  • 13

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JBLU

JetBlue

$18.24

0.27 (1.50%)

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