BMO Capital raised the firm’s price target on Louisiana-Pacific (LPX) to $103 from $99 and keeps a Market Perform rating on the shares after its Q3 earnings beat. The company is executing well in Siding, with another beat and raise quarter seen as encouraging against choppy housing demand, the analyst tells investors in a research note. Louisiana-Pacific is also gaining share and there is further runway, BMO added.
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Read More on LPX:
- Louisiana-Pacific price target raised to $125 from $110 at DA Davidson
- Louisiana-Pacific price target raised to $123 from $115 at TD Securities
- Louisiana-Pacific price target raised to $125 from $119 at RBC Capital
- Louisiana-Pacific Corp Reports Mixed Q3 2024 Results
- Louisiana-Pacific reports Q3 adjusted EPS $1.22, consensus 88c