As reported earlier, BMO Capital analyst Ketan Mamtora upgraded Louisiana-Pacific to Market Perform from Underperform but lowered his price target to $24 from $27 to reflect the 21% pullback in the company's stock price over the past 12 months. The analyst notes that although the downside risk from the rising oriented strand board supply amid the flattening out of housing starts still exists, he sees risk-reward profile on Louisiana-Pacific shares as much more balanced based on its implied valuation of 6.3-times forward earnings. Mamtora also states that the company has done an "impressive job of growing the Siding franchise" while maintaining a "strong" balance sheet.