Jefferies Keeps Their Buy Rating on Owens Corning (OC)
Jefferies analyst Philip Ng maintained a Buy rating on Owens Corning today and set a price target of $163.00.
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Ng covers the Consumer Cyclical sector, focusing on stocks such as Crown Holdings, International Paper Co, and Sealed Air. According to TipRanks, Ng has an average return of 10.5% and a 57.41% success rate on recommended stocks.
In addition to Jefferies, Owens Corning also received a Buy from Barclays’s Matthew Bouley in a report issued on December 8. However, on December 4, Evercore ISI maintained a Hold rating on Owens Corning (NYSE: OC).
Based on Owens Corning’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.68 billion and a GAAP net loss of $494 million. In comparison, last year the company earned a revenue of $3.05 billion and had a net profit of $321 million
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- Owens Corning price target lowered to $130 from $131 at Barclays
- Owens Corning raises quarterly dividend 15% to 79c per share
- Owens Corning price target lowered to $117 from $121 at Evercore ISI
- Owens Corning price target lowered to $113 from $157 at JPMorgan
- Owens Corning price target lowered to $134 from $166 at Deutsche Bank
