Benzinga | Jan 21, 2022 07:29AM EST

Goldman Sachs Upgrades Louisiana-Pacific To Neutral

* Goldman Sachs analyst Susan Maklari upgraded Louisiana-Pacific Corp (NYSE:LPX) to Neutral from Sell and raised the price target to $84, from $59.

* Maklari mentions the supply/demand backdrop suggests limited downside in wood products stocks over the coming quarters as volumes remain elevated and pricing power persists.

* The analyst adds that Louisiana-Pacific should see additional siding capacity, supporting its growth and expanding market share.

* Maklari believes much of the potential upside to results is already captured in the stock's valuation.

* Price Action: LPX shares closed lower by 3.74% at $65.93 on Thursday.