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Fly News Breaks for April 2, 2018
Apr 2, 2018 | 08:22 EDT
Jefferies analyst Philip Ng left meetings last week with Owens Corning CFO Michael McMurray more constructive on the pricing environment in insulation and roofing, and the company's ability to offset inflation. The analyst believes the recent pullback in Owens shares brings an attractive entry point. The stock could see multiple expansion as earnings momentum builds in insulation and the company unlocks synergies from recent acquisitions, Ng tells investors in a research note. He keeps a Buy rating on Owens Corning with a $104 price target.
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