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Stock Market & Financial Investment News

News Breaks
June 4, 2014
07:35 EDTOC, FWLTFoster Wheeler awarded EPCM contract for Owens Corning facility
Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management contract by Owens Corning (OC) for a new composite materials manufacturing facility at Gastonia, North Carolina. The plant will produce a paper-like glass-fiber tissue that is used in various industries to add strength to products while also reducing their weight. Foster Wheeler's contract value was not disclosed. The engineering, procurement and early construction work was included in the company’s 1Q14 bookings and the balance of the construction management scope is expected to be released later in 2014.
News For FWLT;OC From The Last 14 Days
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June 26, 2015
10:00 EDTOCOn The Fly: Analyst Upgrade Summary
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09:07 EDTOCOwens Corning upgraded to Buy from Neutral at CL King
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June 22, 2015
09:30 EDTOCOwens Corning upgraded to Buy from Neutral at Northcoast
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June 17, 2015
10:57 EDTOCCiti says sell Owens Corning after roof pricing bump fails to stick
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07:00 EDTOCCiti says sell Owens Corning, cuts target to $36
Following its latest asphalt shingle roofing channel checks, Citi cut its 2015 earnings for Owens Corning to $1.86 from $1.88, its 2016 estimate to $2.38 from $2.83 and 2017 estimate to $2.69 from $3.20. Citi says prices are flat with April as the May asphalt roofing industry selling price increase failed to find its way through the channel. It also notes asphalt input/production prices are moving higher. The firm cut its price target for Owens Corning to $36 from $38 and recommends selling the stock. It keeps a Sell rating on the name.

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