Loop Capital analyst Jeffrey Stevenson upgraded Louisiana-Pacific (LPX) to Buy from Hold with an unchanged $110 price target The firm sites the company’s “healthy” Q1 earnings beat with broad-based demand strength across end markets. The beat was driven by double-digit siding sales growth during the quarter and a 150bp y/y increase in segment adjusted EBITDA margin from improved volumes and operating leverage, the analyst tells investors in a research note.
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