RBC upgrades beaten-down building products supplier Louisiana-Pacific (LPX +3.5%) to Outperform...

|By:, SA News Editor

RBC upgrades beaten-down building products supplier Louisiana-Pacific (LPX +3.5%) to Outperform "as the share price is discounting an overly pessimistic outlook for" strand-board prices. The stock has been cut by a third since July, and RBC notes a seasonal upswing in wood-panel prices is key to its call on LPX.