Wedbush likes Owens Corning (OC) despite "gyrations" tied to the "timing and pace of new...


Wedbush likes Owens Corning (OC) despite "gyrations" tied to the "timing and pace of new residential construction." The logic behind analyst Al Kaschalk's initiation is a bit heavy, but in sum: The company's margins in the roofing segment are supported by reasonable pricing and "strong positioning", Composite margins are set to expand, and "cadence" regarding the Insulation segment (see Q1 earnings PR for more) is positive. OC initiated at Outperform with a $50 PT.

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