Wood products makers downgraded on lower housing demand, falling lumber prices

Industry News, The Daily Buzz

Shares of Boise Cascade Co. BCC, -10.69% tumbled 10.9% toward and eight-month low, and of Louisiana-Pacific Corp. LPX, -3.22% slid 4.9% toward a 15-month low, after BofA Securities downgraded the wood products makers to neutral from buy, citing a “more bearish” view on new home demand and has wood prices have dropped sharply. Analysts George…

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