Louisiana-Pacific's Siding Strategy Supports Market Share Gains, RBC Says

12:01 PM EST, 11/04/2026 (MT Newswires) -- Louisiana-Pacific (LPX) can take share in Siding over time, while the broader demand backdrop seems unhelpful, RBC Capital Markets said in a Wednesday research note. RBC said that the company's measured strategy on Siding pricing into 2027 could help support volumes, with management expecting to net roughly 3.5% to 4% on price in 2027 on a similar mix to 2026, which should position the company as "healthily price-cost positive" under most raw material scenarios. The investment firm also viewed recent supply curtailments in the oriented strand board market as incrementally positive for Louisiana-Pacific's outlook. It said that capacity removed through mill closures since September exceeded the capacity expected to come online from Huber's new mill. However, RBC cautioned that demand remains under pressure and another significant competitor mill is expected to start up in mid-2027. The investment firm took a positive view of Louisiana-Pacific raising the low end of its full-year Siding guidance amid continued cost inflation, and said it was encouraged by its ability to manage through its changing distributor relationships and programs that may help it increasingly penetrate big builders over time. RBC raised its price target to $85 from $84 and reiterated its outperform rating. Shares of Louisiana-Pacific were up 4.3% in Wednesday afternoon trading. Price: 76.93, Change: +3.14, Percent Change: +4.26