Boise Cascade initiated with a Buy at Loop Capital

Loop Capital initiated coverage of Boise Cascade (BCC) with a Buy rating and $155 price target The company is well positioned to return to positive revenue growth and margin expansion in fiscal 2025 due to multiple catalysts, the analyst tells investors in a research note. The firm says Boise’s elevated single-family residential concentration is a major competitive advantage since it anticipates single-family residential construction will be the first end market to benefit from a rate cut environment. The company will also be lapping a challenging period of deflationary headwinds moving into fiscal 2025, adds Loop.