S&P Equity Research Downgrades Louisiana-Pacific (LPX) to Hold
More News related to LPX
- SectorWatch.biz Issues MarketStats for Companies AMNE, DOW, STP, LDK, OC, LP
- Unusual 11 Mid-Day Movers 11/19: LPX, SRS, SKF, OSIP Higher; GNVC, LZB, LNC, GCO Lower
- David Moenning's Daily State of the Markets: 11/19
- Notable Analyst Rating Changes 11/19: PSUN, LPX, SJM, SAFM Upgraded; SUN, SOL, GLW, CTRP Downgraded
- BMO Upgrades Louisiana-Pacific (LPX) to Market Perform
More News related to Downgrades
- ARGUS Downgrades Smith International (SII) to Hold
- Cantor Fitzgerald Downgrades Audiocodes (AUDC) to Hold After Negative 4Q Preannouncement
- MDB Capital Downgrades Ener1 (HEV) to Sell, Suspends Earnings Model and Valuation on Stock No Longer Justified
- DA Davidson Downgrades Ambassadors Group (EPAX) to Neutral
- SunTrust Downgrades Ruby Tuesday, Inc. (RT) to Neutral
S&P Equity Research downgrades Louisiana-Pacific (NYSE: LPX) from Buy to Hold.
S&P analyst, S. Benway, says, "LPX posts Q1 loss of $0.45 per share versus a loss of $0.35, on target with our loss estimate of $0.45. Revenues fell 12%, reflecting a 30% decline in housing starts. We expect conditions to remain depressed at least through 2008 with demand well below profitable levels. However, oriented strand board prices appear to have stabilized. We are becoming concerned that the dividend could be reduced or eliminated before year end. Our '08 forecast remains at a per-share loss of $1.30, and for '09 we still see a $0.40 loss. Our 12-month target price is unchanged at $13."
Louisiana-Pacific Corporation is a manufacturer and distributor of building products.[SM]
Related Categories
DowngradesStocks Mentioned
+0.04Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
