Market Overview

UPDATE: BMO Capital Markets Upgrades Louisiana-Pacific to Market Perform, Raises PT

Related LPX
Top Performing Industries For September 17, 2014
Worst Performing Industries For September 10, 2014
Home Improvement Stocks Tumble (Fox Business)

In a report published Wednesday, BMO Capital Markets upgraded its rating on Louisiana-Pacific Corporation (NYSE: LPX) from Underperform to Market Perform, and raised its price target from $8.00 to $11.25.

BMO Capital noted, “The outlook for panel producers has improved with this unexpected discipline in operations. In Q2, LPX's operating rate was 80% and was 65% including idled capacity. Seasonality will continue to be a factor, but overall we expect higher average panel prices than we have witnessed in recent years.”

Louisiana-Pacific Corporation closed on Tuesday at $10.32.

Latest Ratings for LPX

DateFirmActionFromTo
Sep 2014BMO CapitalInitiates Coverage onOutperform
Sep 2014BMO CapitalInitiates Coverage onOutperform
Jul 2014RBC CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for LPX
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Upgrades Analyst Ratings

 

Related Articles (LPX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters