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Owens Corning (NYSE:OC) target price raised to $59.00, issued a report today by Bank of America (Merrill Lynch)

Yesterday Owens Corning (NYSE:OC) traded 2.60% higher at $53.57. The company’s 50-day moving average is $53.55 and its 200-day moving average is $50.99. The last closing price is up 5.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 762,337 shares of the stock were exchanged, down from an average trading volume of 1,080,480

Owens Corning (NYSE:OC) had its target price raised to $59.00 by Bank of America (Merrill Lynch) in a report released 09/23/2016. The new target price indicates a possible upside of 0.10% based on the company's last closing price.

Previously on 8/11/2016, Credit Suisse reported on Owens Corning (NYSE:OC) raised the target price from $0.00 to $51.00. At the time, this indicated a possible downside of -0.06%.

See Chart Below

Owens Corning (NYSE:OC)

Owens Corning has a 52 week low of $38.95 and a 52 week high of $58.69 with a P/E ratio of 15.13 The company’s market cap is currently $0.

In addition to Bank of America (Merrill Lynch) reporting its target price, a total of 17 brokers have issued a report on the stock. The consensus target price is $53.06 with 5 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 10 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Owens Corning (NYSE:OC)

Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The Company's products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company operates in three segments, namely, Composites, Insulation and Roofing. Its Composites segment consists of its Reinforcements and Downstream businesses. The Company's Insulation products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under various brand names, such as Owens Corning PINK FIBERGLAS Insulation. The Company's primary products in the Roofing segment are laminate and strip asphalt roofing shingles. It sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States.

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