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Fly News Breaks for July 1, 2016
BCC
Jul 1, 2016 | 06:53 EDT
As previously reported, BofA/Merrill downgraded Boise Cascade to Neutral from Buy. BofA/Merrill's strategists are forecasting a UK recession, relative weakness in the GBP and Euro versus the dollar, and a slowdown in GDP in both the Eurozone and US, resulting in analyst George Staphos trimming estimates. The analyst said potential plywood import risks from a stronger dollar, a weaker Euro-zone, and relative valuation drove the rating change.
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