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Analyst Actions: Norbord Price Target Cut, But Keeps Buy at Desjardins

Norbord Inc. (NBD.TO) is trading at depressed levels last seen in 2010, Desjardins Capital Markets analyst Pierre Lacroix reportedly said.

According to a Globe and Mail report, Lacroix believes the stock is now trading at the bottom end of its range. The speed of recovery for the U.S. housing market will affect the price, he reportedly said. "We advise investors to take advantage of the current weakness to build a position in the stock."

Lacroix cut his price target by $3 to $15 and rates the stock Buy with an above-average risk.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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