Truist lowered the firm’s price target on LP Building Solutions (LPX) to $112 from $126 and keeps a Buy rating on the shares. Multiples across the firm’s coverage have compressed in recent weeks due to concerns over tariffs and the potential for a recession from slower consumer demand, the analyst tells investors in a research note.
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Read More on LPX:
- LP Building Solutions price target lowered to $114 from $125 at RBC Capital
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- LP Building Solutions price target lowered to $110 from $117 at Loop Capital