Owens Corning price target raised to $53 from $37 at JPMorgan » 09:0107/1007/10/20
JPMorgan analyst Michael…
JPMorgan analyst Michael Rehaut raised the firm's price target on Owens Corning to $53 from $37 and keeps an Underweight rating on the shares. Despite a strong rally since late March, the building products sector has not fully recovered its losses from the early days of the pandemic, Rehaut tells investors in a research note. The analyst increased estimates across the group to reflect an improved demand backdrop, "as even lagging subsectors have still likely witnessed monthly improvement."
Owens Corning price target raised to $55 from $45 at SunTrust » 08:3707/0807/08/20
SunTrust analyst Keith…
SunTrust analyst Keith Hughes raised the firm's price target on Owens Corning to $55 from $45 but keeps a Hold rating on the shares. The analyst is citing "surging demand" in roofing and residential insulation being observed late in Q2, with more industrial business in composite and insulation to be expected in the second half of the year. Hughes adds however that asphalt costs have not fallen by as much as expected, while a slower rate of opening may hurt commercial and industrial goods in the composite segment.
|Over a week ago|
Owens Corning price target raised to $60 from $48 at Deutsche Bank » 07:1306/2306/23/20
Deutsche Bank analyst…
Deutsche Bank analyst Seldon Clarke raised the firm's price target on Owens Corning to $60 from $48 and keeps a Buy rating on the shares. The analyst believes revenue declines in building products appear to have bottomed in April with the strength of the rebound coming as a surprise to most management teams. Clarke raised 2020 forecasts across the board and remain largely optimistic about the outlook for shares of building product companies amid the combination of low interest rates and accelerating growth expectations.
Owens Corning price target raised to $63 from $51 at Benchmark » 07:3506/1806/18/20
Benchmark analyst Reuben…
Benchmark analyst Reuben Garner raised the firm's price target on Owens Corning to $63 from $51 and keeps a Buy rating on the shares. Garner thinks housing demand is improving by the day, while supply is increasingly limited, and he now believes that valuations for the group could continue to move higher as the market starts to anticipate rising earnings estimates, the analyst tells investors.
|Over a month ago|
Owens Corning price target raised to $62 from $52 at Jefferies » 09:1705/2805/28/20
Jefferies analyst Philip…
Jefferies analyst Philip Ng raised the firm's price target on Owens Corning to $62 from $52 and keeps a Buy rating on the shares after having hosted investor meetings with CEO Brian Chambers. Commentary that the company is seeing green shoots, and could see a relatively quick recovery in housing, was encouraging and Ng thinks the stock should outperform as investors pivot to 2021 and a "risk on environment," the analyst said.
Owens Corning initiated with a Neutral at Credit Suisse » 16:1805/2705/27/20
Credit Suisse analyst…
Credit Suisse analyst Adam Baumgarten initiated coverage of Owens Corning with a Neutral rating and $48 price target. The analyst said that roofing is "relatively well positioned" and that weather could be a "positive driver" in 2020.
Owens Corning participates in a conference call hosted by Loop Capital » 07:5105/2705/27/20
Conference call with…
Conference call with management to be held on May 27 hosted by Loop Capital.
Owens Corning price target raised to $52 from $47 at Nomura Instinet » 06:2405/2705/27/20
Nomura Instinet analyst…
Nomura Instinet analyst Michael Wood raised the firm's price target on Owens Corning to $52 from $47 and keeps a Neutral rating on the shares. Construction activity fell 20% year-over-year, but May could mark the bottom, Wood tells investors in a research note. The analyst's survey of leading indicators "are pointing to a bottoming process already underway."
Owens Corning price target lowered to $50 from $72 at Argus » 07:5105/1205/12/20
Argus analyst John Eade…
Argus analyst John Eade lowered the firm's price target on Owens Corning to $50 from $72 but keeps a Buy rating on the shares. The analyst notes that the company's solid balance sheet will carry it to the other side of the pandemic, and while the turnaround plan for its Insulation business under the leadership of a new CEO will be delayed, he sees shares trading at a "deep discount" relative to other building supply companies.
Owens Corning downgraded to Hold from Buy at Zelman » 12:5805/0505/05/20
On May 4, Zelman…
On May 4, Zelman downgraded Owens Corning to Hold from Buy after reducing it estimates by roughly 20%.