BofA lowered the firm’s price target on Boise Cascade (BCC) to $86 from $107 and keeps an Underperform rating on the shares. Packaging and paper/forest stocks have come under renewed pressure, as the stocks have declined 15% relative to the market since June 30, notes the analyst, who sees a “mixed” Q3 ahead for the group.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BCC:
- Trump Weekly: White House announces drug pricing deal with Pfizer
- Trump announces lumber tariffs, Exxon Mobil to cut 2,000 jobs: Morning Buzz
- Trump Trade: President sets tariffs on imports of timber, lumber, wood products
- President Trump set tariffs on imports of timber, lumber, wood products
- Boise Cascade price target lowered to $96 from $101 at Truist