Truist Securities Maintains Buy on Louisiana-Pacific, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Roxland has maintained a 'Buy' rating on Louisiana-Pacific (NYSE:LPX) but lowered the price target from $79 to $75.
November 02, 2023 | 7:56 pm
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NEUTRAL IMPACT
Despite the lowered price target, Louisiana-Pacific's 'Buy' rating is maintained by Truist Securities, indicating continued confidence in the company's performance.
The lowered price target might initially seem negative, but the maintained 'Buy' rating indicates that Truist Securities still sees potential in Louisiana-Pacific. This could lead to a neutral short-term impact on the stock as investors weigh the implications of the lowered price target against the continued 'Buy' recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100