BlueLinx price target lowered to $120 from $135 at Loop Capital

Loop Capital analyst Jeffrey Stevenson lowered the firm’s price target on BlueLinx (BXC) to $120 from $135 and keeps a Buy rating on the shares. The company reported mixed results and outlook in its higher valued specialty products segment despite a modest Q4 earnings beat, which was partially driven by better-than-expected specialty products segment sales declines benefiting from positive volume growth during the quarter as it continues to gain share with national accounts in a challenging R&R demand environment, the analyst tells investors in a research note.