Oppenheimer lowered the firm’s price target on LP Building Solutions (LPX) to $107 from $115 and keeps an Outperform rating on the shares. The firm is lowering its estimates on LP Building Solutions post Q1 earnings and its revised guidance. The update mostly reflects a weaker macro backdrop and single-family starts that are likely to be down this year.
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Read More on LPX:
- LP Building Solutions upgraded to Outperform from Market Perform at BMO Capital
- LP Building Solutions reports Q1 adjusted EPS 38c, consensus 15c
- LP Building Solutions sees Q2 adjusted EBITDA $100M-$105M
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