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Fly News Breaks for October 9, 2018
LPX
Oct 9, 2018 | 09:20 EDT
Longbow analyst Garik Shmois noted that OSB prices fell 8% week-over-week and 33% year-over-year last week and he believes a meaningful upward reversal is probably unlikely until early 2019 ahead of next year's housing season. He lowered his estimates for Louisiana-Pacific given the continued pressure on OSB prices as well as Q3 weather-related headwinds. Shmois keeps a Neutral rating on Louisiana-Pacific shares.
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