BofA upgraded Boise Cascade (BCC) to Neutral from Underperform with a price target of $103, up from $65. The firm is “restacking” its ratings in the packaging and paper products group heading into Q2 reports, noting that several of its changes attempt to prioritize to better valuations or financial positioning. Louisiana-Pacific (LPX), Boise Cascade and Greif (GEF) have underperformed at times during 2023, but “all three rebounded quickly on recent, positive fundamentals,” the firm tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BCC: