Scotia Capital is out with a research report on Louisiana-Pacific Corporation LPX and it has a Sector Underperform rating and is lowering its price target to $8 from $8.15 after it reported earnings.
In a note to clients, Scotia Capital writes, "Louisiana-Pacific reported adj. EBITDA of negative $6M and adj. EPS of negative $0.24, compared to our negative $8M and negative $0.19 estimates."
Shares of LPX closed at $6.67 yesterday.
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