Louisiana-Pacific price target raised to $125 from $119 at RBC Capital

RBC Capital raised the firm’s price target on Louisiana-Pacific (LPX) to $125 from $119 and keeps an Outperform rating on the shares. The company’s stronger results in Q3 were driven by better shipments and margins in Siding and better margins in OSB, or oriented strand board, the analyst tells investors in a research note. Louisiana-Pacific should continue to demonstrate attractive momentum in Siding, with above-market growth and strong incremental margins, RBC added.