OrangeCoin (OC) news

BUZZ-RBC Downgrades Building Materials Companies, Warns of Headwinds in 2027

On October 7, RBC Capital Markets downgraded the ratings of construction materials companies Builders FirstSource (BLDR.N) and Owens Corning (OC.N) from "Outperform" to "Sector Perform." The brokerage also downgraded flooring manufacturer Mohawk Industries (MHK.N) from "Sector Perform" to "Underperform," citing weak flooring demand and increasing price and cost pressures. Shares of BLDR, OC, and MHK fell 1% to 2% in pre-market trading. RBC noted that new residential construction faces the highest risks, while other construction markets remain uneven. With ongoing inflation and cost pressures, RBC prefers distributors over manufacturers. Near-term performance may be mixed, but due to timing issues, more significant challenges are expected by 2027, which could lead to considerable stock price volatility, according to RBC. Target price adjustments for specific stocks are as follows: Company Name Previous Target Price Current Target Price Builders FirstSource $88 $62 Core & Main $60 $57 Ferguson Enterprises $290 $286 Fortune Brands Innovations $57 $49 Installed Building Products $228 $208 Masco Corporation $72 $69 Mohawk Industries $130 $112 Owens Corning $172 $127 QXO Inc. $27 $18 SiteOne Landscape Supply $135 $124 Whirlpool Corporation $32 $22 (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. Due to the possible inaccuracies or contextual omissions of automated translations, Reuters does not guarantee their accuracy. The automated translations are provided for the convenience of readers. Reuters accepts no responsibility for any damage or loss caused by use of the automated translation functionality.)

OWENS CORNING <OC.N>: RBC CUTS TO SECTOR PERFORM FROM OUTPERFORM; CUTS TARGET PRICE TO $127 FROM $172

OWENS CORNING : RBC CUTS TO SECTOR PERFORM FROM OUTPERFORM; CUTS TARGET PRICE TO $127 FROM $172

OWENS CORNING INC. <OC.N>: BARCLAYS CUTS TARGET PRICE TO $162 FROM $177

OWENS CORNING INC. : BARCLAYS CUTS TARGET PRICE TO $162 FROM $177

OWENS CORNING <OC.N>: JEFFERIES CUTS TARGET PRICE TO $165 FROM $180

Owens Corning names Michael J. DeVito to board

$NVO Novo Nordisk Spring on OpenAI partnership

Owens Corning (OC) has reached a revised agreement with the Praana Group regarding the sale of its glass reinforcement materials business.