Louisiana-Pacific price target raised to $105 from $88 at RBC Capital

RBC Capital raised the firm’s price target on Louisiana-Pacific to $105 from $88 and keeps an Outperform rating on the shares. The company’s adjusted EBITDA of $182M was well above guidance of $130-$145M, with a strong margin performance in Siding seen as the highlight of the quarter, the analyst tells investors in a research note. . RBC adds that it continues to like Louisiana-Pacific’s long-term transformation story and sees a continued opportunity for Siding share gains for the company.