UPDATE: D.A. Davidson Initiates Boise Cascade with Underperform on Expectation of Housing Recovery
March 18, 2013 at 13:33 PM EDT
In a report published Monday, D.A. Davidson analyst Steven Chercover initiated coverage on Boise Cascade Co. (NYSE: BCC ) with an Underperform rating and $28.00 price target. In the report, Chercover noted, “We believe most housing-related equities presently discount a full blown housing recovery – with starts at or around