DA Davidson lowered the firm's price target on Boise Cascade to $92 from $95 and keeps a Buy rating on the shares. The firm states it was surprised by the weakness in the stock in light of a solid Q1 and inline Q2 guide given several areas of incremental improvement across the platform, the analyst tells investors in a research note. Consumer confidence and interest rate volatility reduces visibility, which resulted in a more measured tone around the sustainability of the flattening trend in EWP - Engineered Wood Products - pricing, the firm added.
