Goldman Sachs Reinstates Louisiana-Pacific Corp (LPX) at Neutral

Goldman Sachs reinstated coverage on Louisiana-Pacific Corp (NYSE: LPX) with a Neutral rating and a price target of $16.00.

Analyst Alex Ovshey said, "We are removing the Not Rated designation from Louisiana Pacific (LPX) shares. On May 14, LPX and Ainsworth (ANS.TO, Not Covered) announced that they were terminating their previously proposed agreement under which LPX was to acquire all outstanding shares of Ainsworth (LPX had announced the planned acquisition on 09/4/2013). The two companies mutually agreed to terminate the agreement to avoid time consuming litigation with the US and Canadian regulatory authorities on the requirement to divest assets beyond those planned under the originally proposed agreement. We rate LPX shares Neutral with a 12-month price target of $16, implying 10% upside potential."

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 $14.62 yesterday.

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