Louisiana-Pacific Corp (LPX) PT Raised to $103 at BMO Capital

BMO Capital analyst Ketan Mamtora raised the price target on Louisiana-Pacific Corp (NYSE: LPX) to $103.00 (from $99.00) while maintaining a Market Perform rating.

The analyst commented, "LP is executing well in Siding — another beat and raise is encouraging against choppy housing demand. LP is gaining share and there is further runway. However, at current stock price levels, we think much of the Siding multiple re-rating is already priced in. As such, we maintain Market Perform rating but raise target to $103."

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