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BMHC downgraded on post-Katrina surge in stock (access required)

IBR STAFF REPORTD.A. Davidson & Co. has downgraded Building Materials Holding Corp. from neutral to underperform after the company's stock price jumped following Hurricane Katrina.BMHC peaked at $99.09 Sept. 6, up from $91.35 at the end of the previous trading day, Sept. 2.The price spike reflected expected construction demand and higher wood product prices related ...

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