Boise Cascade price target lowered to $134 from $157 at Truist

Truist lowered the firm’s price target on Boise Cascade (BCC) to $134 from $157 and keeps a Buy rating on the shares after its lower than expected Q4 EPS. Truist also notes that while Building Materials Distribution margins are likely to decline in Q1 due to a slower sales pace, the firm believes they can be maintained at about 5%, largely given customer working capital management amid the uncertain backdrop, the analyst tells investors in a research note.