Scotia Capital Has Sector Underperform on Louisiana-Pacific

Scotia Capital is out with a research report on Louisiana-Pacific Corporation

and it has a Sector Underperform rating and is lowering its price target to $8 from $8.15 after it reported earnings. In a note to clients, Scotia Capital writes, "Louisiana-Pacific reported adj. EBITDA of negative $6M and adj. EPS of negative $0.24, compared to our negative $8M and negative $0.19 estimates." Shares of LPX closed at $6.67 yesterday.