As previously reported, TD Securities analyst Sean Steuart downgraded Louisiana-Pacific to Hold from Buy with a price target of $72, up from $69. While telling investors that he is "comfortable" raising his price target, partly reflecting the rollout of 2024 estimates, Steuart added that his downgrade reflects share price outperformance and notes that he is lowering his 2022 and 2023 earnings outlook to reflect more conservative North American oriented strand board, or OSB, price forecasts.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LPX:
- Louisiana-Pacific downgraded to Hold from Buy at TD Securities
- Louisiana-Pacific management to meet virtually with Seaport Global
- Are These 2 New Warren Buffett Stocks Really Worth Buying? Here’s What Analysts Are Saying
- Warren Buffett Loaded Up on These 3 Stocks in Q3
- Berkshire Hathaway adds TSMC, exits STORE Capital in Q3