DA Davidson Is Bullish On BlueLinx, Sees 26% Upside

December 17, 2021 1:28 PM | 1 min read | Make a Comment

DA Davidson analyst Kurt Yinger initiated BlueLinx Holdings Inc. BXC with a Buy rating and a price target of $102, implying an upside of 26%.
The analyst says the company stands to benefit from the tailwinds that include cyclical increases in new residential construction and residential R&R activity, elevated commodity wood product prices, sustained price inflation in other building products, and tight material availability.
Yinger further cites the positive medium- to long-term implications of BlueLinx's significantly improved balance sheet and modest valuation.
Price Action: BXC shares are trading lower by 0.11% at $80.61 on the last check Friday.