UPDATE: D.A. Davidson Upgrades Universal Forest Products on Overblown Housing Recovery Concerns

In a report published Thursday, D.A. Davidson analyst Steven Chercover upgraded the rating on Universal Forest Products (NASDAQ: UFPI ) from Neutral to Buy, and reiterated the $46.00 price target. In the report, D.A. Davidson noted, “Concerns about housing recovery [are] overblown. We attribute the recent weakness in UPFI shares