TD Cowen Downgrades Louisiana-Pacific to Hold, Raises Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Sean Steuart has downgraded Louisiana-Pacific (NYSE:LPX) from Buy to Hold, while raising the price target from $75 to $85.
July 18, 2023 | 1:34 pm
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Louisiana-Pacific has been downgraded from Buy to Hold by TD Cowen, with a raised price target of $85.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the short term for Louisiana-Pacific. However, the raised price target from $75 to $85 indicates that the analyst still sees some long-term value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100