UPDATE: Goldman Sachs Starts Louisiana-Pacific Corp (LPX) at Sell

Goldman Sachs analyst Susan Maklari initiates coverage on Louisiana-Pacific Corp (NYSE: LPX) with a Sell rating and a price target of $45.00.

The analyst comments "Although we look for Louisiana-Pacific’s initiatives to reduce its exposure to commodity products to prove effective over time, we expect lower OSB prices to weigh on investor sentiment, resulting in near-term downside in the stock. This is in-line with the historical tight relationship between LPX and Random Length’s OSB composite index."

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 $56.97 yesterday.

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