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Owens Corning (OC) Gets a Buy from UBS

Tipranks - Tipranks - Wed Jan 7, 8:00AM CST

In a report released today, John Lovallo from UBS maintained a Buy rating on Owens Corning, with a price target of $160.00.

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Lovallo covers the Consumer Cyclical sector, focusing on stocks such as KB Home, Meritage, and NVR. According to TipRanks, Lovallo has an average return of 7.7% and a 53.53% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Owens Corning with a $135.64 average price target.

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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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