LP Building Solutions price target raised to $108 from $105 at BMO Capital

BMO Capital raised the firm’s price target on LP Building Solutions (LPX) to $108 from $105 and keeps a Market Perform rating on the shares after its Q4 results. Expectations were high in Siding after an impressive 2024, and while 7%-9% expected revenue growth is constructive against a tough housing market, LP’s guidance of static Siding EBITDA margin pressured the stock, the analyst tells investors in a research note. Longer term, BMO notes that LP is doing a solid job of profitably growing the Siding franchise, and it sees “further runway ahead”.