UPDATE: Wedbush Initiates Owens Corning at Outperform on 'Triple Threat'

In a report published on Wednesday, Wedbush analyst Al Kaschalk initiated coverage on Owens Corning (NYSE: OC ) with an Outperform rating and $50 price target. In the report, Wedbush commented that, "Owens Corning is a cyclical play on the U.S. housing market, with 65% of the business tied to