UPDATE: Dundee Initiates Coverage on Louisiana-Pacific (LPX)

Dundee analyst Stephen Atkinson initiated a Sell rating on Louisiana-Pacific LPX with a $13 price target amid a conservative outlook on U.S. housing demand.

In addition to his conservative outlook on U.S. housing demand, Atkinson says the OSB industry is in the midst of a price war, which is what he attributes to his below consensus EPS estimates.

For the second quarter of 2014 Atkinson is forecasting an EPS of -$0.06 compared to a $0.06 consensus and an EBITDA of $26 million compared to a consensus of $43 million.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetInitiationAnalyst RatingsDundeeForest ProductsMaterialsStephen Atkinson
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!