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UPDATE: Dundee Initiates Coverage on Louisiana-Pacific (LPX)

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Louisiana-Pacific to report Q4 results on Feb. 11 (Seeking Alpha)

Dundee analyst Stephen Atkinson initiated a Sell rating on Louisiana-Pacific (NYSE: LPX) with a $13 price target amid a conservative outlook on U.S. housing demand.

In addition to his conservative outlook on U.S. housing demand, Atkinson says the OSB industry is in the midst of a price war, which is what he attributes to his below consensus EPS estimates.

For the second quarter of 2014 Atkinson is forecasting an EPS of -$0.06 compared to a $0.06 consensus and an EBITDA of $26 million compared to a consensus of $43 million.

Latest Ratings for LPX

DateFirmActionFromTo
Dec 2014Longbow ResearchDowngradesBuyNeutral
Dec 2014DA DavidsonDowngradesBuyNeutral
Nov 2014RBC CapitalDowngradesSector PerformUnderperform

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View the Latest Analyst Ratings

Posted-In: Dundee Stephen AtkinsonAnalyst Color Price Target Initiation Analyst Ratings

 

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