BlueLinx price target raised to $135 from $125 at Craig-Hallum

Craig-Hallum analyst Greg Palm raised the firm’s price target on BlueLinx to $135 from $125 and keeps a Buy rating on the shares. The firm notes BlueLinx reported mixed Q2 results as overall weakness in end market demand was offset by strong margins and overall execution. Craig-Hallum is hopeful that declining rates can help jumpstart the recovery although it is not expecting much change this year and expects any rebound will likely begin in 2025.