UPDATE: BMO Capital Markets Upgrades Louisiana-Pacific to Market Perform, Raises PT

In a report published Wednesday, BMO Capital Markets upgraded its rating on Louisiana-Pacific Corporation

from Underperform to Market Perform, and raised its price target from $8.00 to $11.25. BMO Capital noted, “The outlook for panel producers has improved with this unexpected discipline in operations. In Q2, LPX's operating rate was 80% and was 65% including idled capacity. Seasonality will continue to be a factor, but overall we expect higher average panel prices than we have witnessed in recent years.” Louisiana-Pacific Corporation closed on Tuesday at $10.32.