Louisiana-Pacific price target raised to $82 from $80 at RBC Capital

RBC Capital raised the firm’s price target on Louisiana-Pacific to $82 from $80 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s adjusted EBITDA of $129M was well ahead of guidance of $60M-80M, the analyst tells investors in a research note. The firm remains positive on the stock for its “long-term transformation” story and sees attractive upside to fundamentals if housing and R&R – remove and replace – activity accelerate.