BlueLinx price target lowered to $75 from $80 at DA Davidson

DA Davidson lowered the firm’s price target on BlueLinx (BXC) to $75 from $80 and keeps a Neutral rating on the shares. The stock traded modestly lower since reporting Q2 results despite a better than feared performance in a tough environment, the analyst tells investors in a research note. The silver linings for BlueLinx included y/y volume gains in both segments, fueled in part by execution within multi-family, as well as a relatively stable gross margin performance in Specialty Products, the firm added.