RBC Capital raised the firm’s price target on Louisiana-Pacific to $80 from $72 and keeps an Outperform rating on the shares. The analyst cites the company’s long-term transformation story and evidence of some stabilization after a couple of volatile years. RBC adds that Louisiana-Pacific also offers “attractive upside to fundamentals” if housing activity accelerates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LPX:
- Louisiana-Pacific management to meet virtually with Benchmark
- Louisiana-Pacific sees Q4 adjusted EBITDA $60M-$80M
- Louisiana-Pacific reports Q3 adjusted EPS $1.62, consensus $1.54
- LP Building Solutions Reports Third Quarter 2023 Results and Reaffirms Full Year Siding Guidance
- LPX Earnings this Week: How Will it Perform?
