B. Riley FBR analyst Alex Rygiel lowered his price target for BlueLinx Holdings to $17 from $25 and keeps a Buy rating on the shares after the company announced additional sale-leaseback transactions, updated financial leverage inputs, and an amendment to its revolving credit facility to better align advance rates with seasonality. The analyst says the announcements further increase his confidence near term that BlueLinx's leverage position, "albeit tight," should be sufficient assuming end market demand continues to rebound. Should the company meet 2020 financial estimates and rebuild investor confidence, shares have "meaningfully greater upside," Rygiel tells investors in a research note.