Deutsche Bank Upgrades Louisiana-Pacific Corp (LPX) to Buy; Cautiously Optimistic

Deutsche Bank upgraded Louisiana-Pacific Corp (NYSE: LPX) from Hold to Buy, price target raised from $10 to $12.

Deutsche analyst said, "It’s time. Housing demand is showing some signs of pick-up after ~5 yrs of anemic US housing starts. OSB prices are also trending higher. The key drivers? With ~9bsf of OSB capacity shuttered over the past 5-6 years & the entire supply chain constrained, we think even a relatively modest cyclical recovery in housing demand could significantly boost LPX's earnings. LPX is the largest producer of OSB in NA with ~20-21% market share. Today’s announcement of debt refinancing could boost annual EPS by ~0.11-0.12/share."

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 $9.49 yesterday.

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