BMO Capital lowered the firm’s price target on Boise Cascade (BCC) to $122 from $136 and keeps a Market Perform rating on the shares after its in-line Q4 results. The recent pullback in the stock is making valuation attractive, but with housing demand off to a slow start, uncertainty around the extent of demand uptick during the busy spring/summer season, and price pressure in EWP, the case to buy the stock “isn’t obvious”, the analyst tells investors in a research note.
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