Owens Corning stock: BofA cuts target to USD 145

Owens Corning stock is facing a more cautious analyst outlook ahead of the company’s next quarterly results. In a note dated October 26, 2026, BofA analyst Rafe Jadrosich lowered the firm’s price target while keeping a Buy rating on the shares. Markets Insider reported the assessment.

Roofing demand weighs on outlook

The analyst cited data from the Asphalt Roofing Manufacturers Association showing that shingle shipments fell 13 percent year over year in the third quarter, following a 0.2 percent increase in the second quarter. BofA attributed the weaker end-market demand partly to limited storm activity and said channel destocking may also have contributed after customers moved orders forward ahead of price increases.

The note comes as Owens Corning prepares to report its latest quarterly results next week. The assessment therefore focuses on conditions in the roofing market rather than on reported third-quarter company results.

Pricing and costs remain important

BofA said manufacturers had realized part of the price increases introduced in April and June. Gross pricing was described as broadly consistent with normal seasonality, but elevated costs for asphalt and transportation remain a pressure point for profitability.

For investors, the combination of weaker volumes and still-elevated input costs creates a mixed setup. The retained Buy rating signals that BofA continues to see longer-term value, while the lower target reflects more demanding near-term operating conditions. This is an analyst assessment, not a guarantee of future share performance.

Lang & Schwarz showed Owens Corning stock at EUR 108.78 on October 29, 2026, at 22:59 Berlin time. You can view the real-time quote of Owens Corning stock.

The broader US market provides the relevant setting for Owens Corning’s share-price assessment; see Current market reports.

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