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Article: Louisiana-Pacific climbs after analyst upgrade

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AP Online
Article date:
November 4, 2009
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Shares of Louisiana-Pacific Corp. climbed Wednesday after an analyst upgraded his rating based on the company's progress in meeting financial challenges and the stock's recent price decline.

Steven Chercover of D.A. Davidson upgraded shares to "Buy" from "Neutral" after the Nashville, Tenn., company's third-quarter results, which beat analyst expectations, showed it can generate cash.

Besides strong cash generation, Louisiana-Pacific has sold bonds and issued equity, Chercover added.

Sterne Agee analyst Mark Connelly also said the ...

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