JP Morgan Maintains Neutral on Owens-Corning, Raises Price Target to $161
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has maintained a Neutral rating on Owens-Corning (NYSE:OC) but increased the price target from $116 to $161.

December 14, 2023 | 12:04 pm
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JP Morgan analyst Michael Rehaut maintains a Neutral rating on Owens-Corning but raises the price target from $116 to $161.
The increase in price target by JP Morgan suggests a positive outlook on the value of Owens-Corning, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100