Wells Fargo raises Owens-Corning target to $165
Wells Fargo analyst Sam Reid maintained an Overweight rating on Owens-Corning and raised the price target to $165 from $150. Barclays, RBC Capital, and Goldman Sachs also increased their price targets, with Barclays setting the highest at $170.
*this image is generated using AI for illustrative purposes only.
Wells Fargo analyst Sam Reid has maintained an Overweight rating on Owens-Corning (NYSE: OC) and raised the price target to $165 from $150. This adjustment follows similar revisions from Barclays, RBC Capital, and Goldman Sachs, all of which increased their price targets for the building and construction materials company. The collective updates reflect adjusted valuation expectations across the sector.
Rating and Target Details
The research notes highlight differing levels of confidence in Owens-Corning's market position. Barclays' Overweight rating and RBC Capital's Outperform rating suggest stronger projected upside compared to Goldman Sachs' Neutral stance. Wells Fargo joins Barclays with an Overweight rating.
| Firm | Analyst | Rating | Previous Target | New Target |
|---|---|---|---|---|
| Barclays | Matthew Bouley | Overweight | $144 | $170 |
| RBC Capital | Mike Dahl | Outperform | $148 | $172 |
| Goldman Sachs | Susan Maklari | Neutral | $141 | $159 |
| Wells Fargo | Sam Reid | Overweight | $150 | $165 |
Owens-Corning supplies composites and insulation solutions within the building and construction materials sector.
What specific market trends are driving the adjusted valuation expectations across the building and construction materials sector?
How might Owens-Corning's composites and insulation solutions perform amid potential shifts in construction demand?
What factors could explain the divergence in analyst confidence, particularly between Goldman Sachs' Neutral stance and others' bullish ratings?
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