Building Products

Jefferies & Co. is raising its price target on shares of Owens Corning (NYSE: OC) to $44 from $36, and it has a Buy rating on shares. In a note to clients, Jefferies writes, "Owens Corning's fourth quarter earnings results beat our expectations and consensus estimates. The company continues to...

Jefferies & Company has raised the price target on Owens Corning (NYSE: OC) from $36 to $44 and maintains its Buy rating.

On CNBC's Fast Money Pops & Drops, Joe Terranova said that Devon Energy Corporation (NYSE: DVN) posted spectacular earnings, but the price action wasn't favorable. He added that investors with a long position should sell a half of their position. Devon Energy Corporation (DVN) fell 2.13%, and...

International Strategy & Investment Group Inc. is out with a research report this afternoon, where it reiterates its Hold rating on Masco Corp. (NYSE: MAS). The ISI analysts noted that MAS's recently quarterly results were poor and that they expect these trends to continue through 1H. The...

Pre-open movers US stock futures are higher this morning, as investors are awaiting producer price data and FOMC minutes. Dell Inc (NASDAQ: DELL) reported upbeat quarterly earnings. Futures on the Dow Jones Industrial Average gained 33 points to 12,235 and S&P 500 futures rose 4.30 points to 1,...

Owens Corning (NYSE: OC) today reported consolidated net sales of $5.0 billion, a 4-percent increase from net sales of $4.8 billion in 2009. Fourth-quarter 2010 adjusted earnings were $29 million, or $0.23 per diluted share, compared with $1 million, or $0.01 per diluted share, one year ago. Net...

On CNBC's Fast Money Pops & Drops, Jon Najarian said that he would stay away from Masco Corporation (NYSE: MAS). He explained that the recovery in housing hasn't yet come, and Masco Corporation (MAS) is losing a lot of money. Masco Corporation (MAS) fell 9.23% in the regular trading session,...

Shares of Masco Corporation (NYSE: MAS) are lower on the session by 4.65%, trading at $13.53. Overall put volume is now running at 5.11x the daily average, with 53% of all puts traded being purchases on the offer. 7,234 contracts have traded on the session so far. Masco Corporation manufactures,...

Jefferies is out with its report today on Masco Corp. (NYSE: MAS), reaffirming Hold. In a note to clients, Jefferies writes, "Masco Corporation delivered a fourth quarter loss of ($0.08) in EPS and $105 million in EBITDA versus our estimates of $0.02 per share and $183 million in EBITDA. Consensus...

Jefferies, who initiated coverage of Lennox (NYSE: LII) at Hold with a $55 PT, said that it believes shares will be quite sensitive to trends in housing data, consumer confidence and global industrial activity. “We anticipate volatility in commodity costs, regulatory changes, international exposure...

Jefferies & Company has initiated coverage on Lennox International (NYSE: LII) with a Hold rating and $55 price target.

Cusick's Corner Stocks struggled to find direction on this slow news day. Trading volumes on the NYSE were very low, plus there was little action in the option pits too. Retail Sales are due out pre-market tomorrow -- watch the Retailers, XRT, want to see if this weather is cooling down store...

Masco Corporation (NYSE: MAS) today reported that net sales from continuing operations for the year ended December 31, 2010 decreased three percent to $7.6 billion. Sales decreased nine percent to $1.7 billion. Results for key financial measures, as adjusted for certain items (see Exhibit B)...

Owens Corning (NYSE: OC) today announced that it has been named as the primary insulation provider to the Masco Contractor Services business of the Masco Corporation (NYSE: MAS). The agreement expands the companies' relationship, providing Owens Corning, the nation's largest insulation...

Cusick's Corner KISS: Keep It Simple – it's low volume on this grind to the upside, the market is overbought and commercial traders are pulling off their hedges (specifically in the NAZ and DOW futures), all going to put your discipline and your plan to test. Now those of you who have been winging...