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Benzinga
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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