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Fly News Breaks for December 7, 2016
LPX
Dec 7, 2016 | 07:12 EDT
As previously reported, BofA/Merrill downgraded Louisiana-Pacific to Underperform from Neutral and maintained its $21 price target. Analyst George Staphos said Louisiana-Pacific shares do not perform relatively well in times of rising inflation and cost environment, or when interest rates are rising. The analyst is slightly below Street 2017 and 2018 estimates due to a more conservative oriented strand board price outlook.
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