Goldman Sachs analyst Brian Maguire upgraded Boise Cascade to Buy from Neutral as he believes recent wood product industry capacity rationalization should end downward earnings estimate revisions and put a floor under selling prices. While he lowered his 2019/2020 EBITDA estimates by 9% and 5%, respectively, to account for recent wood product price weakness, he thinks this is already "more than reflected" in the recent performance of Boise shares, Maguire tells investors. He raised his price target on Boise shares to $34 from $28, citing his increasing conviction that wood products prices are bottoming.