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Owens Corning Inc (OC) [hlAlert]

Rating:
Sell OC
down 10.09 %

Owens Corning Inc (OC) downgraded to Sell with price target $36 by Citigroup

Posted on: Wednesday,  Jun 17, 2015  4:25 PM ET by Citigroup

Citigroup rated Sell Owens Corning Inc (NYSE: OC) on 06/17/2015, when the stock price was $39.97. Since
then, Owens Corning Inc has gained 11.23% as of 01/11/2016's recent price of $44.46.
If you would have followed this Citigroup's recommendation on OC, you would have lost 10.09% of your investment in 208 days.

Owens Corning is a producer of glass fiber reinforcements and other materials for composites and of residential and commercial building materials. The Company operates within two product categories: composites, which include the Composite Solutions segment and building materials, which includes its insulating systems, roofing and asphalt and other building materials and services reportable segments. The Company?s products range from glass fiber used to reinforce composite materials used in transportation, electronics, marine, wind energy and other high-performance markets to insulation, roofing and manufactured stone veneer used in residential, commercial and industrial applications. On May 1, 2008, the Company sold two composite manufacturing plants in Battice, Belgium and Birkeland, Norway.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/17/2015 4:25 PM Sell
None
39.97 36.00
as of 8/27/2015
1 Week up  3.34 %
1 Month down  -5.75 %
3 Months down  -11.23 %
1 YTD down  -11.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/28/2013 8:25 AM Hold
None
39.86
4/16/2013 8:25 AM Buy
None
38.86
2/12/2013 8:25 AM Hold
None
42.63

(*) Stock Price at the time of the recommendation.
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