Barclays Downgrades Owens-Corning to Equal-Weight, Announces $160 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley downgraded Owens-Corning (NYSE:OC) from Overweight to Equal-Weight and set a $160 price target.

February 12, 2024 | 10:36 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Barclays downgraded Owens-Corning from Overweight to Equal-Weight, with a new price target of $160.
The downgrade from Overweight to Equal-Weight by a major analyst like Barclays can have a neutral to slightly negative short-term impact on Owens-Corning's stock price. The announcement of a specific price target provides a benchmark for investors, but the downgrade suggests a more cautious outlook on the stock's growth potential. The high relevance is due to the direct mention and focus on Owens-Corning, while the importance is significant as analyst ratings can influence investor perception and stock performance. The confidence level is high due to the clear and direct impact of analyst ratings on stock prices, though the exact market reaction can vary.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100