Where Owens-Corning Stands With Analysts
Portfolio Pulse from Benzinga Insights
Owens-Corning (NYSE:OC) has received mixed analyst ratings over the past three months, with an average 12-month price target of $161.0, reflecting a 21.05% increase from the previous target. The company, a manufacturer of glass fiber, faces challenges in revenue growth and ROE but excels in net margin and ROA. Analysts from Barclays, Goldman Sachs, and JP Morgan have updated their ratings and price targets, indicating varying expectations for the company's performance.
February 12, 2024 | 1:00 pm
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Owens-Corning has received mixed reviews from analysts, with an updated average 12-month price target of $161.0, indicating a positive outlook despite revenue growth challenges and below-average ROE.
The mixed analyst ratings combined with the significant increase in the average 12-month price target suggest a cautiously optimistic outlook for Owens-Corning. The positive adjustment in price targets, especially from reputable firms like Barclays, Goldman Sachs, and JP Morgan, could instill investor confidence and drive short-term interest in OC shares. However, the challenges in revenue growth and below-average ROE highlighted may temper expectations, making the overall impact on the stock price likely positive but with caution advised.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100