DA Davidson analyst Kurt Yinger downgraded Louisiana-Pacific to Neutral from Buy with a price target of $63, down from $69. The analyst is reducing his forecasts to reflect the recent OSB weakness, noting that with the dramatic decline in OSB prices over the second half of 2022, he sees considerable downside risk for consensus estimates. Yinger adds however that he remains bullish on the potential for Louisiana-Pacific’s Siding business to drive upside for the stock over the long term.
Published first on TheFly
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