Goldman Sachs Downgrades Louisiana-Pacific to Sell, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari has downgraded Louisiana-Pacific (NYSE:LPX) from Neutral to Sell and lowered the price target from $89 to $81.
June 17, 2024 | 9:17 am
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Goldman Sachs has downgraded Louisiana-Pacific (NYSE:LPX) from Neutral to Sell and reduced the price target from $89 to $81. This downgrade could lead to a negative short-term impact on LPX's stock price as investors react to the lowered expectations.
The downgrade from a major financial institution like Goldman Sachs is likely to influence investor sentiment negatively. The lowered price target indicates reduced expectations for the company's performance, which could lead to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100