B of A Securities Maintains Buy Rating for Owens-Corning: Here's What You Need To Know

B of A Securities has decided to maintain its Buy rating of Owens-Corning OC and raise its price target from $127.00 to $152.00.

Shares of Owens-Corning are trading down 0.9% over the last 24 hours, at $132.26 per share.

A move to $152.00 would account for a 14.93% increase from the current share price.

About Owens-Corning

Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.