DA Davidson downgraded BlueLinx (BXC) to Neutral from Buy with an $80 price target “Misguided” takeover speculation paired with continued weak market fundamentals leave a less attractive risk/reward, the analyst tells investors in a research note. Weak market demand is likely to result in competitive pressures weighing on Specialty margins, the firm adds.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BXC: