Benchmark analyst Reuben Garner raised the firm’s price target on BlueLinx to $144 from $100 and keeps a Buy rating on the shares, citing increased confidence in both the eventual macro improvement and the sustainable margin profile of the business despite BlueLinx having reported “somewhat mixed” Q4 results.
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Read More on BXC:
- BlueLinx sees specialty product gross margins at 18%-19% thus far in Q1
- BlueLinx reports Q4 EPS $2.94, consensus $1.67
- BlueLinx Announces Expansion of Distribution Partnership with Huber Engineered Woods
- BlueLinx announces expansion of distribution deal with Huber, no terms
- BlueLinx price target raised to $125 from $100 at Loop Capital
