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OC

Owens Corning

$66.63

-0.63 (-0.94%)

06:43
11/26/19
11/26
06:43
11/26/19
06:43

Owens Corning price target raised to $79 from $66 at Longbow

Longbow analyst Garik Shmois raised his estimates for Owens Corning after his "positive" spot checks in insulation indicated an improving outlook into 2020. The analyst remains positive on the shares and sees a "catalyst path" that includes improving residential insulation demand and pricing plus stronger roofing margins due to continued asphalt deflation. Shmois raised his price target for Owens Corning to $79 from $66 and reiterates a Buy rating on the shares.

OC Owens Corning
$66.63

-0.63 (-0.94%)

10/29/19
10/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amkor Technology (AMKR) upgraded to Outperform from Neutral at Credit Suisse. 2. Owens Corning (OC) upgraded to Buy from Hold at Argus with analyst John Eade citing the company's recent Q3 earnings beat thanks to its implementation of strategies to expand margins and grow earnings under the new CEO Brian Chambers. 3. Texas Roadhouse (TXRH) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Vaccaro saying he believes improved labor productivity reflected in the company's Q3 results and guidance should remove a key overhang in the stock and the company is also sustaining powerful comp outperformance with positive traffic in a slightly negative industry comp backdrop. 4. QTS Realty Trust (QTS) upgraded to Overweight from Neutral at JPMorgan with analyst Richard Choe saying he expects to see accelerating growth in the company's core colocation business driven by its service delivery platform "with upside coming from opportunistic hyperscale deals." 5. Ameren (AEE) upgraded to Buy from Neutral at UBS with analyst Daniel Ford saying after underperformance over the past nine months, the stock trades at a discount on a 2021 price-to-earnings ratio. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/19
WELS
11/18/19
UPGRADE
Target $77
WELS
Outperform
Owens Corning upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Truman Patterson upgraded Owens Corning to Outperform from Market Perform with a price target of $77, up from $68. The analyst's industry contacts suggest Owens Corning announced an 8% U.S. residential insulation price hike for both loose-fill and batt and roll on Friday, effective January 13. Patterson does not believe any insulation pricing is in consensus estimates for the company. Further, the analyst thinks 2020 housing starts likely increase in the mid-to-high single-digit range. This could lead to another price hike later in 2020 given the industry's 90% capacity utilization levels following Owens' capacity adjustments, says Patterson.
11/18/19
11/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. WestRock (WRK) upgraded to Buy from Neutral at BofA/Merrill with analyst George Staphos saying his takeaway from investor events attended last week suggests that the macro and sector trends for integrated containerboard companies are stable to improving and also believes that the risks in the industry are "not new." 2. Rockwell Automation (ROK) upgraded to Overweight from Equal Weight at Barclays analyst Julian Mitchell saying the stock remains out of favor with the investment community, but the recent earnings report suggests "grounds for optimism." 3. Splunk (SPLK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying once Splunk is through its shift to a 100% recurring revenue model and annual invoicing, investors will have better visibility into a company well positioned for key secular trends in data and monitoring. 4. Owens Corning (OC) upgraded to Outperform from Market Perform at Wells with analyst Truman Patterson saying his industry contacts suggest Owens Corning announced an 8% U.S. residential insulation price hike for both loose-fill and batt and roll on Friday, effective January 13. 5. Wolverine World Wide (WWW) upgraded to Buy from Hold at Argus with analyst John Staszak saying he believes that the company will benefit from growth in footwear spending, particularly as the economy improves and consumer confidence increases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/20/19
DBAB
11/20/19
INITIATION
DBAB
Buy
Owens Corning initiated with a Buy at Deutsche Bank
Deutsche Bank initiated coverage of Owens Corning with a Buy rating.

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ARWR

Arrowhead

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ARGX

Argenx

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STC

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FAF

First American

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PFSI

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AGIO

Agios Pharmaceuticals

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BPMC

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FATE

Fate Therapeutics

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RCKT

Rocket Pharmaceuticals

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ARGX

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, JNJ

Johnson & Johnson

$140.36

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ARGX

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JNJ

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BLUE

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, JNJ

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BLUE

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LLY

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BMY

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QURE

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