Goldman Sachs Upgrades Louisiana-Pacific To Neutral

  • Goldman Sachs analyst Susan Maklari upgraded Louisiana-Pacific Corp LPX to Neutral from Sell and raised the price target to $84, from $59.
  • Maklari mentions the supply/demand backdrop suggests limited downside in wood products stocks over the coming quarters as volumes remain elevated and pricing power persists.
  • The analyst adds that Louisiana-Pacific should see additional siding capacity, supporting its growth and expanding market share.
  • Maklari believes much of the potential upside to results is already captured in the stock's valuation.
  • Price Action: LPX shares closed lower by 3.74% at $65.93 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsBriefsForest ProductsMaterials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!