Boise Cascade price target lowered to $115 from $126 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Boise Cascade (BCC) to $115 from $126 and keeps a Neutral rating on the shares after its in-line Q4 earnings. The firm is confident that the key elements of Boise Cascade’s strategic evolution are intact, supporting continued market outperformance despite broader operating pressures, but also warns that weather and the broader moderation in housing activity are likely to weigh on near-term results, modeling a sequential deceleration in Q1 profitability as a result, the analyst tells investors in a research note.