Bullishcharts

Owens Corning Benefits from ECO change

Long
NYSE:OC   Owens Corning Inc
Entry level $63.50
Price target $75.00
Stop loss $60.00

Average analysts price target $63.62 Upgrades possible as price closes in on target
Average analysts recommendation Overweight
Short interest 6.2%
P/E ratio 13.3 Very well valued

Company profile
Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and also includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy; provide improved acoustical performance; and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.

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