Boise Cascade price target lowered to $101 from $106 at Truist

Truist lowered the firm’s price target on Boise Cascade (BCC) to $101 from $106 and keeps a Buy rating on the shares after its Q2 earnings miss and guidance. The company saw a “weaker” Q3 outlook but with continued strong capital returns, the analyst tells investors in a research note. Boise Cascade looks well positioned for a housing rebound, the firm added.