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Fly News Breaks for November 8, 2019
BCC
Nov 8, 2019 | 07:43 EDT
DA Davidson analyst Steven Chercover downgraded Boise Cascade to Neutral from Buy but raised his price target to $40, up from $37. The analyst says that after a 68% year-to-date run, the stock now "appropriately" discounts his expectations of continued improvement in 2020. Chercover adds that in spite of the ongoing weakness in plywood pricing environment, the company executed well and made sound capital allocation decisions.
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