Boise Cascade price target lowered to $95 from $100 at DA Davidson

Core Viewpoint - DA Davidson has lowered the price target for Boise Cascade (BCC) to $95 from $100 while maintaining a Buy rating on the shares, indicating a cautious outlook on the company's performance in the engineered wood products sector [1] Company Summary - The price target for Boise Cascade (BCC) has been adjusted to $95 from $100, reflecting ongoing price pressure in the Engineered Wood Products (EWP) market [1] - Despite the lowered price target, the firm retains a Buy rating on Boise Cascade shares, suggesting confidence in the company's long-term prospects [1] Industry Summary - The Engineered Wood Products (EWP) sector is experiencing continued price pressure, with expectations of low to mid single-digit sequential declines persisting through Q1 [1] - If competition remains intense and prices continue to decline, a significant portion of the EWP industry may operate at or below cash production costs, potentially leading to a supply response [1]