LP Building Solutions price target lowered to $94 from $101 at BofA

BofA analyst George Staphos lowered the firm’s price target on LP Building Solutions (LPX) to $94 from $101 and keeps a Buy rating on the shares. The firm sees continued strength in Siding, which has prompted an increase in its midcycle views. Despite sluggish housing trends, LP has taken share in Siding and is continued to grow earnings and margin with additional capacity coming online in 2027, the analyst tells investors in a research note.