UPDATE: Dundee Initiates Coverage on Louisiana-Pacific (LPX)
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
|Dec 2014||Longbow Research||Downgrades||Buy||Neutral|
|Dec 2014||DA Davidson||Downgrades||Buy||Neutral|
|Nov 2014||RBC Capital||Downgrades||Sector Perform||Underperform|
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