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Benzinga
Benzinga
Business
Akanksha Bakshi

Wells Fargo Bumps Up Owens Corning Price Target By 7%

Owens Corning OC Wells Fargo NYSE
  • Wells Fargo analyst Deepa Raghavan raised the price target on Owens Corning (NYSE:OC) to $105 (an upside of 7.6%) from $98 and maintained an Equal Weight rating on the shares.
  • The analyst believes stock reaction is well deserved. Raghavan says that the shares' outperformance is likely reflective of strong outlooks, in keeping with recent themes across housing stocks.
  • Related: Owens Corning Stock Surges As Q4 Results Surpass Estimates; Boosts Buyback
  • Price Action: OC shares are trading lower by 3.19% at $97.58 on the last check Thursday.
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