Owens-Corning stock retained a Buy rating from BofA Securities on October 3, 2023, when analyst Rafe Jadrosich lowered his price target to $145 from $155.

Key Takeaways

  • The target cut was $10 per share, or 6.45%, while the Buy rating remained unchanged.
  • The current status of BofA’s rating and target is not established.

Owens-Corning stock target and rating

Jadrosich’s revision reduced the price target without changing his recommendation on the building materials company. A price target is an analyst’s estimate, not a guarantee of where shares will trade.

The available information does not provide a stated explanation from Jadrosich or BofA Securities for the reduction. It also does not establish whether the firm has changed its assessment since October 2023.

Building materials business

Owens-Corning, whose shares trade under the ticker OC, manufactures building materials including insulation, roofing and composite products. Its products serve residential and commercial markets.

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