NORBORD (NBRXF $32.18 rated Neutral with $32 down from $35 price target) HIGHER OPERATING COSTS DUE TO WAX AND RESIN COST PRESSURE HURT EBITDA MARGINS; HOUSING STARTS SLOW IN JUNE COMPARED WHERE HIGHER INTEREST RATES COULD DAMPEN HOUSING RECOVERY 7/31/2013

NORBORD (NBRXF $32.18 rated Neutral with $32 down from $35 price target)
HIGHER OPERATING COSTS DUE TO WAX AND RESIN COST PRESSURE
HURT EBITDA MARGINS; HOUSING STARTS SLOW IN JUNE COMPARED
WHERE HIGHER INTEREST RATES COULD DAMPEN HOUSING RECOVERY 7/31/2013