Boise Cascade price target lowered to $96 from $101 at Truist

Truist lowered the firm’s price target on Boise Cascade (BCC) to $96 from $101 and keeps a Buy rating on the shares. The company’s negative Q3 EBITDA pre-announcement was driven by softer Wood Products, primarily lower EWP volumes than the company had expected, which also resulted in weaker fixed cost absorption, as builders have moderated their single-family starts pace, the analyst tells investors in a research note.