Fly News Breaks for January 21, 2020
Jan 21, 2020 | 06:40 EDT
Stephens analyst Mark Connelly downgraded Louisiana-Pacific to Equal Weight from Overweight with a $32 price target. In a research note to investors, Connelly says his believes that the stock fairly values the potential for improved OSB prices against the risks that recession fears slow housing activity in 2020. Connelly says that while he expects Lousiana-Pacific to be more disciplined with capital than it has been in past cycles, expectations are already high, and he sees more attractive risk-reward opportunities elsewhere in materials.
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