Analyst improves 2Q forecast on Louisiana-Pacific

Lehman Brothers analyst Peter Ruschmeier revised his projection to a loss of 33 cents from a loss of 38 cents per share.

Ruschmeier, who maintains an "Overweight" rating on the shares, attributed the improved outlook to "favorable price improvement which more than offset weak volumes and rising costs."

Earlier this week, RBC Capital Markets analyst Paul C. Quinn noted the company's shares had fallen 33 percent in just over a month, making the stock's valuation more attractive.

"While we expect that the company still has a number of weak quarters ahead of it, we believe the valuation is becoming compelling and see limited downside over the next 12 months," Quinn wrote in a note to clients.

Nashville, Tenn.-based Louisiana-Pacific is scheduled to report its second-quarter results on July 29.

The company's shares slipped 11 cents to $8.96 in midday trading.