BlueLinx price target lowered to $90 from $100 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on BlueLinx to $90 from $100 and keeps a Buy rating on the shares. The firm notes BlueLinx reported improved Q3 results on better execution, highlighted by strong margins across the board. While continued choppiness and challenges within housing will cap upside to the P&L in the near-term, management has put more focus on capital allocation as we wait for more favorable end market demand, Craig-Hallum adds.