Truist Lowers Owens Corning Price Target Amid Market Concerns

CHARLOTTE, N.C. — Truist has lowered its price target for Owens Corning from $165 to $150 while retaining a Hold rating on the stock. This change comes as the company faces unfavorable market conditions, particularly in the insulation and roofing sectors.

Analysts express concern over potential price declines in the insulation segment, compounded by significant challenges in the roofing industry, anticipated to impact the company this year. These pressures will be critical for investors to observe moving forward.

Currently, the average target price for Owens Corning, assessed by 15 analysts, is $169.29. Estimates range widely, showing a high of $218.00 and a low of $146.00. This average implies a possible 17.75% increase from the current share price, which stands at $143.77.

The consensus recommendation among 19 brokerage firms for Owens Corning is rated at 2.1 on a scale of 1 to 5, where a lower number indicates a stronger buy. This suggests a status of “Outperform.”

In addition, GuruFocus estimates a price of $156.47 for Owens Corning in one year, indicating an 8.83% upside from its current price. The GuruFocus fair value estimate reflects historical trading multiples, past growth, and future performance expectations.