Louisiana-Pacific shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.
Portfolio Pulse from Benzinga Newsdesk
Louisiana-Pacific shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.
June 17, 2024 | 11:46 am
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NEGATIVE IMPACT
Goldman Sachs downgraded Louisiana-Pacific from Neutral to Sell and reduced its price target from $89 to $81, causing the stock to trade lower.
The downgrade from a major financial institution like Goldman Sachs, along with a reduced price target, is likely to negatively impact investor sentiment and lead to a short-term decline in LPX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100