Deutsche Bank Downgrades Louisiana-Pacific Corp (LPX) to Hold, Shares Dead Money

Deutsche Bank downgraded Louisiana-Pacific Corp (NYSE: LPX) from Buy to Hold with a price target of $14.00 (from $12.00).

The firm said based on their analysis of probable mid-cycle EBITDA ($330-340MM) and a 6.5X multiple, $14 represents reasonable "fair value."

They said while it is possible to make an argument for a higher valuation, given the disappointing financial record of the industry over time investors should take these arguments with a grain of salt.

Plain and simple - the stock is fairly valued.

For an analyst ratings summary and ratings history on Louisiana-Pacific Corp click here. For more ratings news on Louisiana-Pacific Corp click here.

Shares of Louisiana-Pacific Corp closed at $13.28 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
• Evercore ISI Downgrades SunPower (SPWR) to In Line
• Nomura/Instinet Downgrades Gujarat State Petronet (GUJS:IN) to Reduce