DA Davidson analyst Kurt Yinger raised the firm’s price target on Louisiana-Pacific to $98 from $90 and keeps a Buy rating on the shares. The company delivered a solid Q1 earnings beat, provided Q2 guidance above expectations, and raised their full-year Siding sales and EBITDA outlook, the analyst tells investors in a research note.
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Read More on LPX:
- Louisiana-Pacific sees 2024 siding revenue growth 11%-13%
- Louisiana-Pacific sees Q2 siding revenue growth 20%-25%
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