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Fly News Breaks for October 11, 2017
OC
Oct 11, 2017 | 08:53 EDT
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.
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