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.

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