Boise Cascade price target lowered to $115 from $125 at DA Davidson

DA Davidson lowered the firm’s price target on Boise Cascade (BCC) to $115 from $125 and keeps a Buy rating on the shares. The firm has reduced its forecasts to reflect a more cautious view around EWP pricing over the balance of the year and moderated starts assumptions, though the company’s commentary around volumes/activity levels into April were better than feared, the analyst tells investors in a research note. The firm adds that it expects second half results to benefit from the roll-off of capital project headwinds.