Seaport Research downgraded Louisiana-Pacific to Neutral from Buy without a price target. The company reported a better than expected Q1, provided a bullish Q2 outlook and revised its full-year outlook substantially higher, the analyst tells investors in a research note. With the stock up 20% yesterday, Seaport downgrades Louisiana-Pacific on valuation. The firm still has a constructive bias on the name, but moves to the sidelines for now.
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