Owens Corning (OC) – Investment Analysts’ Weekly Ratings Changes
Owens Corning (NYSE: OC) received a number of ratings updates from brokerages and research firms in the last week:
- Owens Corning was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating.
- Owens Corning was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.
- Owens Corning was downgraded by analysts at Monness, Crespi, Hardt from a “buy” rating to a “neutral” rating.
- Owens Corning had its “buy” rating reaffirmed by analysts at Citigroup. They now have a $36.00 price target on the stock.
- Owens Corning was downgraded by analysts at JPMorgan Chase from an “overweight” rating to a “neutral” rating. They now have a $31.50 price target on the stock, down previously from $38.00. They wrote, “We are downgrading OC to Neutral from Overweight, as we believe yesterday’s material lowering of its 2012 adjusted EBIT guidance, which we note follows an earlier sizeable reduction of guidance during its 2Q release on August 1, clouds near to medium term visibility for the company’s Roofing and Composites segments, which we believe will not likely be positively addressed over at least the next 2-3 quarters.”
- Owens Corning had its “overweight” rating reaffirmed by analysts at Barclays Capital.
Owens Corning traded down 1.75% on Thursday, hitting $29.68. Owens Corning has a 52-week low of $22.73 and a 52-week high of $38.00. The company has a market cap of $3.517 billion and a price-to-earnings ratio of 21.99.
Owens Corning is engaged in composite and building materials systems, delivering a range of products and services.