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Fly News Breaks for April 24, 2019
Apr 24, 2019 | 16:43 EDT
Stifel analyst John Baugh downgraded John Baugh downgraded Owens Corning to Hold from Buy and lowered his price target for the shares to $53 from $60. All three of the company's key business units, or Roofing, Insulation and Composites, are facing volume pressures that are unlikely to change in the near term, Baugh tells investors in a research note. While the stock is "relatively inexpensive," the loss of an EBIT "growth story near term makes it difficult to recommend purchase," says the analyst following Owens' Q1 results.
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