Boise Cascade price target lowered to $106 from $114 at Truist

Truist analyst Michael Roxland lowered the firm’s price target on Boise Cascade (BCC) to $106 from $114 and keeps a Buy rating on the shares. The firm has had the chance to check in with the company’s management regarding trends, and it appears that Q2 has been somewhat softer vs. company expectations, the analyst tells investors in a research note. Investors are also ascribing minimal value to Wood Products due to repeated earnings misses and lower revised guidance along with caution regarding a housing turnaround in the near-term, Truist added.