Boise Cascade price target lowered to $100 from $108 at BMO Capital

BMO Capital analyst Ketan Mamtora lowered the firm’s price target on Boise Cascade (BCC) to $100 from $108 and keeps a Market Perform rating on the shares. The company is reducing its Q3 consolidated EBITDA guidance to $60M-$80M from the prior $80M-$100M, with most of the reduction in guidance coming from Wood Products, the analyst tells investors in a research note. Key issues for Boise are are weaker-than-expected EWP volumes & prices, the firm added.