DA Davidson analyst Kurt Yinger lowered the price target on Boise Cascade Company (NYSE: BCC) to $90.00 (from $95.00) while maintaining a Buy rating.

The analyst commented, "Results were better than expected in 4Q and the MP of the 1Q guide was slightly ahead of our prior model. Further, the outlook reinforces two key points, 1) EWP price pressure is moderating with the market appearing to find an equilibrium at recent new residential construction levels, and 2) with the non-repeat of the 2025 major capital project at Oakdale and a more normalized production posture, Wood Product margins will see a solid lift from depressed 2H25 levels. We remain cautious around the potential for a meaningful inflection in new residential construction activity in 2026; however, we continue to see an attractive risk/reward with shares of BCC alongside improvements to Wood Products margins in 2026 (non-repeat of major project headwinds), execution against multiple BMD growth opportunities, solid cash returns to shareholders (net cash position remains), and a very undemanding valuation (~6x and ~5x 2026E and 2027E EBITDA). All together, we maintain our BUY rating, our updated $90 PT representing 8.0x and 6.8x our 2026 and 2027 EBITDA forecasts."