B of A Securities Maintains Buy Rating for Owens-Corning: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B of A Securities has maintained its Buy rating for Owens-Corning (NYSE:OC) and increased its price target from $127.00 to $152.00. Despite this, shares of Owens-Corning have fallen by 0.9% over the last 24 hours, currently trading at $132.26 per share. A move to $152.00 would represent a 14.93% increase from the current share price.
July 14, 2023 | 5:01 pm
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Despite B of A Securities maintaining a Buy rating and raising the price target for Owens-Corning, the company's shares have fallen by 0.9% over the last 24 hours. The new price target represents a potential 14.93% increase from the current share price.
The maintained Buy rating and increased price target by B of A Securities indicates a positive outlook for Owens-Corning. However, the recent 0.9% drop in share price suggests market factors may be influencing the stock's performance. The new price target, if met, would represent a significant increase from the current share price, potentially indicating a good investment opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100