UPDATE: Goldman Sachs Raises PT to $15 on Louisiana-Pacific Corporation on Solid Q3

Goldman Sachs reiterated its Neutral rating on Louisiana-Pacific Corporation LPX and increased its price target from $14 to $15. Goldman Sachs said, "Our revised 2012-2014 EPS estimates of $0.27, $0.76, $1.20, (vs. $0.28, $0.77 and $1.20, previously) are largely unchanged given the 3Q2012 EPS shortfall was driven by lower OSB pricing realizations and production stemming from timing and unexpected downtime and log outages during the quarter. We expect the US housing recovery will drive a pick up in OSB demand and pricing, the key drivers of LPX's earnings. We forecast OSB (North Central, 7/16”) prices will average $269/msf over the 2013-2014 timeframe vs. $187/msf 2006-2011 average. We rate LPX shares Neutral as we believe valuation for LPX shares reflects the pace of the US housing recovery we foresee." Louisiana-Pacific Corporation closed at $15.70 on Tuesday.