DA Davidson analyst Kurt Yinger raised the firm’s price target on Louisiana-Pacific to $76 from $65 and keeps a Neutral rating on the shares. The firm is updating the firm’s model to reflect stronger than expected OSB pricing, which is a function of reduced industry production levels, along with better than expected new residential construction demand and production impacts from wildfires, the analyst tells investors in a research note. Improved commodity pricing puts the potential for modest share repurchase activity over the second half of the year “back on the table”, the firm added.
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