Owens Corning Analysts Boost Their Forecasts Following Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
Owens Corning Inc (NYSE:OC) reported better-than-expected Q2 results, with net sales of $2.56 billion and adjusted EPS of $4.22, beating consensus estimates. Following the announcement, RBC Capital and Barclays increased their price targets on Owens Corning and upgraded the stock's rating.
July 27, 2023 | 12:22 pm
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Owens Corning's better-than-expected Q2 results led to an increase in its stock price and an upgrade in its rating by RBC Capital and Barclays.
Owens Corning's Q2 results exceeded expectations, which is a positive signal for investors. This led to an increase in the company's stock price and an upgrade in its rating by RBC Capital and Barclays, indicating a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100