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Benzinga

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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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