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Stock Market & Financial Investment News

News Breaks
June 20, 2014
07:32 EDTOCOwens Corning cuts FY14 adjusted EBIT to $416M from $500M
Cuts roofing volumes in 1H14 to be 20% lower than 1H13 volumes. The company expects to recover a portion of this volume shortfall in the second half of the year. However, continued weakness in the second quarter has introduced further uncertainty in the full-year financial outlook for the company's roofing business. The company continues to see improvement in the year-over-year performance of both its insulation and composites businesses. Earnings growth in these two businesses is expected to more than offset the weaker financial performance in the roofing business year over year.
News For OC From The Last 14 Days
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May 27, 2015
07:45 EDTOCOwens Corning should work as long as pricing holds steady, says Jefferies
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07:35 EDTOCCiti 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.

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