BlueLinx price target raised to $137 from $121 at DA Davidson

DA Davidson raised the firm’s price target on BlueLinx to $137 from $121 and keeps a Buy rating on the shares. The company’s Q2 results largely matched consensus estimates, and while its Structural Products weighed on the quarter with unfavorable commodity pricing trends during the quarter, Specialty Products remained a relative bright spot with modest volume growth and stable gross margins, the analyst tells investors in a research note.