Louisiana-Pacific price target raised to $112 from $101 at RBC Capital

RBC Capital raised the firm’s price target on Louisiana-Pacific to $112 from $101 and keeps an Outperform rating on the shares. The company’s Q2 adjusted EBITDA topped estimates, and the firm remains positive on Louisiana-Pacific’s long-term transformation story, with a continued opportunity for Siding share gains and attractive upside if housing starts and R&R – repair and remodeling – activity accelerate, the analyst tells investors in a research note.