Boise Cascade upgraded to Outperform from Market Perform at BMO Capital

BMO Capital upgraded Boise Cascade (BCC) to Outperform from Market Perform with an unchanged price target of $100. The firm says the current share price offers a :very attractive entry point for patient long-term investors.” The company’s balance sheet is “robust” and the stock is trading at just 4.0-times estimated mid-cycle EBITDA, the analyst tells investors in a research note. BMO adds that the recent stabilization in wood prices is encouraging.