RBC Capital Maintains Outperform Rating for Louisiana-Pacific: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has reaffirmed its Outperform rating on Louisiana-Pacific (NYSE:LPX) and increased its price target from $72.00 to $80.00. Louisiana-Pacific's shares have risen 2.32% in the last 24 hours to $68.73. The new price target suggests a potential upside of 16.4%. Louisiana-Pacific is a producer of oriented strand board and engineered wood siding, with a significant presence in the North American housing market and operations in Brazil and Chile.
December 19, 2023 | 5:00 pm
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RBC Capital maintains Outperform rating on Louisiana-Pacific, raising the price target to $80, which could signal a 16.4% upside from the current price of $68.73.
The reaffirmation of the Outperform rating and the increase in price target by RBC Capital are strong positive signals for investors, suggesting confidence in Louisiana-Pacific's future performance. The recent share price increase further supports the positive outlook. However, as analyst ratings are subject to human error and are one of many factors that can affect stock prices, the importance is not at the maximum.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100