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Fly News Breaks for February 27, 2018
BCC
Feb 27, 2018 | 07:08 EDT
DA Davidson analyst Steven Chercover raised his price target on Boise Cascade to $43 after the company's Q4 earnings beat, though he also adds that without the positive tax benefits, EPS would have been a miss. Chercover raises his FY18 EPS view to $2.61 from $1.98 on "stronger than previously expected plywood prices, and improved flow through from EWP volume growth and pricing initiatives." The analyst also keeps his Hold rating, stating that the stock is within reaching distance of his price target.
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