D.A. Davidson analyst Steven Chercover doesn’t see shares of Louisiana-Pacific recovering much of the more than 30 percent they have lost in the past three months. Noting that lower prices — they ran up steeply last year as construction demand grew before new capacity could come online — will hurt profits, he has trimmed his price target to $16 but reiterated his ‘neutral’ rating. At around 1:45 p.m., LP (Ticker: LPX) was off about 1 percent to $14.80.
Ann Hynes at Mizuho late last week pushed up to $50 from $48 her price target for shares of Community Health Systems. The move came before Tenet Healthcare announced it plans to buy Vanguard Health Systems and hedge fund Glenview Capital said it wants to replace the board at Health Management Associates. Regarding the latter, a number of market watchers expect CHS to be the prime bidder should HMA head to the auction block. Shares of CHS (Ticker: CYH) were down slightly to $46.52 in Wednesday afternoon trading.
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