DA Davidson analyst Kurt Yinger raised the firm’s price target on BlueLinx to $125 from $100 and keeps a Buy rating on the shares. The company’s Q4 results were mixed, with weaker than expected sales but better margins and an adjusted EBITDA beat, the analyst tells investors in a research note. The firm adds that it is encouraged by commentary around flat Specialty volumes in February, and while it is reducing FY24 EBITDA view to $157.5M from $177.2M, it sees a solid rebound in 2025 as pressures ease.
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