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UPDATE: BMO Capital Markets Upgrades Louisiana-Pacific to Outperform on Demand and Yield Outlook

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BMO Capital Markets upgraded Louisiana-Pacific (NYSE: LPX) from Market Perform to Outperform and maintained a $24.00 price target.

BMO Capital Markets said, "We expect an extended up-cycle as U.S. housing demand returns to demographically sustainable housing starts, estimated at 1.4mm to 1.5mm starts. Given that LPX is net debt free, we expect the company to initiate a dividend policy. The primary risk to our forecast is lower U.S. growth associated with the debt-limit negotiations."

Louisiana-Pacific closed at $19.43 on Thursday.

Latest Ratings for LPX

DateFirmActionFromTo
Nov 2014Bank of AmericaMaintainsBuy
Sep 2014BMO CapitalInitiates Coverage onOutperform
Sep 2014BMO CapitalInitiates Coverage onOutperform

View More Analyst Ratings for LPX
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Upgrades Analyst Ratings

 

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