Boise Cascade price target raised to $155 from $130 at DA Davidson

DA Davidson analyst Kurt Yinger raised the firm’s price target on Boise Cascade to $155 from $130 and keeps a Buy rating on the shares. The analyst cites expectations of a positive inflection in Engineered Wood Products pricing should single-family starts sustain a 1.0M or better pace going forward. Boise’s large net cash position entering the year, paired with solid free cash flow generation, supports the potential for additional substantive special dividends, the firm tells investors in a research note.