Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Louisiana-Pacific Corporation on OSB Price Surge

Share:
Related LPX
Worst Performing Industries For August 21, 2015
Top Performing Industries For August 10, 2015

In a report published Wednesday, Deutsche Bank reiterated its Hold rating on Louisiana-Pacific Corporation (NYSE: LPX), and raised its price target from $18.00 to $20.00.

Deutsche Bank noted, “We've been awed by the surge in OSB prices thru Q4 & much of Q1. The bullish thesis around a housing recovery & high OSB prices looks increasingly probable. The risks remain clear. Mill restarts (or ramp-up curve) could still disrupt demand/supply balance, pressuring OSB prices. Considering the current stock price level & extremely high volatility of OSB prices, we prefer to remain on the sidelines. Maintain Hold. Raising PT from $18 to $20/share on higher than expected EBITDA in 2013 & 2014.”

Louisiana-Pacific Corporation closed on Tuesday at $21.45.

Latest Ratings for LPX

DateFirmActionFromTo
May 2015Vertical ResearchDowngradesHold
May 2015DA DavidsonDowngradesNeutralUnderperform
May 2015UBSMaintainsSell

View More Analyst Ratings for LPX
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (LPX)

View Comments and Join the Discussion!

Get Benzinga's Newsletters