Boise Cascade shares are trading higher after Truist Securities maintained the stock with a Buy rating and raised the price target from $156 to $175.
Portfolio Pulse from Benzinga Newsdesk
Boise Cascade's stock (BCC) is trading higher following Truist Securities' decision to maintain a Buy rating on the stock and increase the price target from $156 to $175.
March 21, 2024 | 7:24 pm
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POSITIVE IMPACT
Boise Cascade's stock is experiencing a positive movement after Truist Securities reaffirmed a Buy rating and raised the price target to $175.
The increase in Boise Cascade's price target by Truist Securities to $175 from $156, while maintaining a Buy rating, signals a strong confidence in the company's future performance. This endorsement from a reputable financial institution likely contributes to positive investor sentiment, driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100