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Benzinga

Business

Akanksha Bakshi

Goldman Sachs Upgrades Louisiana-Pacific To Neutral

Goldman Sachs LPX NYSE

Goldman Sachs analyst Susan Maklari upgraded Louisiana-Pacific Corp (NYSE:LPX) to Neutral from Sell and raised the price target to $84, from $59.
Maklari mentions the supply/demand backdrop suggests limited downside in wood products stocks over the coming quarters as volumes remain elevated and pricing power persists.
The analyst adds that Louisiana-Pacific should see additional siding capacity, supporting its growth and expanding market share.
Maklari believes much of the potential upside to results is already captured in the stock's valuation.
Price Action: LPX shares closed lower by 3.74% at $65.93 on Thursday.

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