Wednesday, November 29, 2006

Banc of America Comments on Louisiana-Pacific (LPX) Takeover Talk

Banc of America commented on Louisiana-Pacific Corp. (NYSE: LPX) following yesterday's Weyerhaeuser (NYSE: WY) takeover rumors. The firm sees replacement value at $27 and an LBO price about $25, but says an LBO would be tricky. The firm said yesterday's rally was premuture and said the stock may settle back. The firm raised their price target to $24.

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