MKM Partners raised its price target on Owens Corning (NYSE: OC) to $70.00 (from $62.00) while maintaining a Neutral rating.

Analyst Megan McGrath says the benefits to the underlying business from the Hurricanes were as big as expected but sees some solid trends that should support the equity valuation. The analyst is not expecting to see any major changes to demand or margin trends in Composites anytime soon.