Wells Fargo Has a Positive Outlook on Owens Corning (OC), Despite a Challenging Housing Market in 2026

Group 1 - Owens Corning (NYSE:OC) has been added to David Tepper's Q3 portfolio with an acquisition of 161,500 shares valued at $22.8 million, indicating strong interest from institutional investors [1] - The average price target for Owens Corning suggests a potential upside of 17%, while the highest target indicates a possible upside of 57% [1] - Analyst Sam Reid from Wells Fargo has maintained an Overweight rating on Owens Corning but has reduced the price target from $150 to $130, citing skepticism in the housing market for 2025 and challenges for 2026 [2] Group 2 - Owens Corning reported a 15% increase in its quarterly cash dividend, now at $0.79 per common share, to be distributed on January 21, 2026 [3] - The company has promoted José Méndez-Andino to Executive Vice President and Chief Innovation Officer, focusing on product innovation and new applications in the high-quality building products market [4] - Owens Corning operates through four main segments: Roofing, Insulation, Doors, and Composites, and has been in business since 1938 [5]