Owens Corning roofing concerns overdone, says Longbow After Owens Corning reported Q! EPS that came in below the consensus estimate, Longbow believes that concerns about the company's roofing business are overdone. The firm expects the company's roofing profits to accelerate with the improvement in weather. and price increases It trimmed its price target to $50 from $51 but keeps a Buy rating.
Citi recommends selling Owens Corning on yesterday's rally Citigroup attributes yesterday's rally in Owens Corning to TAMCO announcing a July price increase of 7%. Citi says the "investment community has got ahead of its skis" and recommends selling Owens on the rally. It has a Sell rating on the stock with a $38 price target.