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Owens Corning (OC) Gets a Buy from Wells Fargo

Tipranks - Tipranks - Wed Mar 4, 5:58AM CST

Wells Fargo analyst Sam Reid maintained a Buy rating on Owens Corning today and set a price target of $155.00.

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According to TipRanks, Reid is a 4-star analyst with an average return of 6.9% and a 59.88% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, DR Horton, and Mohawk.

In addition to Wells Fargo, Owens Corning also received a Buy from Citi’s Anthony Pettinari in a report issued on February 27. However, yesterday, Truist Financial maintained a Hold rating on Owens Corning (NYSE: OC).

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Based on Owens Corning’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.14 billion and a GAAP net loss of $297 million. In comparison, last year the company earned a revenue of $2.84 billion and had a GAAP net loss of $258 million

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