BMO Capital upgraded LP Building Solutions (LPX) to Outperform from Market Perform with an unchanged price target of $94. The firm believes siding fundamentals are better than the headline shipments as de-stocking fades. LP’s second half of 2026 volume guidance is reasonable, the analyst tells investors in a research note. BMO believes the stock’s current price implies zero value for oriented strand board, leaving 21% upside on siding alone plus “meaningful cash flow optionality” when OSB normalizes.
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