Boise Cascade price target lowered to $100 from $115 at DA Davidson

DA Davidson analyst Kurt Yinger lowered the firm’s price target on Boise Cascade (BCC) to $100 from $115 and keeps a Buy rating on the shares. The price target reduction reflects weaker than expected Q2 commodity pricing, a recent channel check that points to unabated engineered wood products price deterioration, and moderated assumptions around go-forward underlying market, the analyst tells investors in a research note.