BofA downgrades ‘due for a pause’ Boise Cascade to Underperform

As previously reported, BofA downgraded Boise Cascade to Underperform from Neutral with an unchanged price target of $111. With mortgage rates now above 7%, the firm is cautious on wood/timber overall and thinks Boise shares are “due for a pause,” adding that its research suggests trends have slowed in repair/remodel as well as multi-family.