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Fly News Breaks for November 6, 2019
LPX
Nov 6, 2019 | 09:32 EDT
BMO Capital analyst Ketan Mamtora raised his price target on Louisiana-Pacific to $34 and kept his Outperform rating after its Q3 results. The analyst notes that while the company missed on EBITDA, he expects the 10% reduction in oriented strand board, or OSB, supply and improving housing conditions to boost industry operating rates. Mamtora adds he is positive on solid growth in SmartSide volumes against "static housing demand" and "strong" balance sheet at Louisiana-Pacific.
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