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DA Davidson cuts Louisiana-Pacific stock price target on siding destock
DA Davidson has reduced its price target for Louisiana-Pacific Corp (NYSE:LPX) to $114 from $117, maintaining a Buy rating despite a disappointing first-quarter 2026 siding destock. The firm expects the destock to be temporary, anticipating above-market growth and strong margins, supported by potential builder wins and momentum in ExpertFinish. Although InvestingPro analysis suggests the stock is overvalued, the company recently exceeded Q4 2025 EPS forecasts but missed revenue expectations.