Form 8-K BlueLinx Holdings Inc. For: Nov 02
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Loop Capital Upgrades BlueLinx (BXC) to Buy
November 4, 2021 7:14 AM EDTLoop Capital analyst Jeffrey Stevenson upgraded BlueLinx (NYSE: BXC) from Hold to Buy with a price target of $75.00 (from $65.00).
The analyst comments "We are upgrading BXC to a BUY with $75 PT (6x FY22E EBITDA) as after an impressive 3Q earnings beat of $78M (Loop: $57M), we feel there are enough catalysts moving forward to get formally positive on the name even after the big move in the stock. We note that theres over 20% upside potential to our new PT from todays close. Recall that we had gotten incrementally... More
