Benchmark Maintains Buy on BlueLinx Hldgs, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Reuben Garner maintains a Buy rating on BlueLinx Hldgs (NYSE:BXC) but lowers the price target from $144 to $135.
May 02, 2024 | 3:21 pm
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Benchmark analyst Reuben Garner maintains a Buy rating on BlueLinx Hldgs but lowers the price target from $144 to $135.
The maintenance of a Buy rating by Benchmark analyst Reuben Garner indicates a positive outlook on BlueLinx Hldgs, suggesting confidence in the company's fundamentals. However, the reduction in the price target from $144 to $135 could reflect a slight adjustment in expectations regarding the company's future performance, possibly due to market conditions or revised earnings forecasts. This mixed signal could lead to a neutral short-term impact on the stock price, as the positive sentiment from maintaining a Buy rating might be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100