B of A Securities Upgrades Sylvamo to Buy, Raises Price Target to $61
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst George Staphos has upgraded Sylvamo (NYSE:SLVM) from Neutral to Buy and raised the price target from $52 to $61.
July 10, 2023 | 11:27 am
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POSITIVE IMPACT
Sylvamo's stock has been upgraded from Neutral to Buy by B of A Securities, with a price target increase from $52 to $61.
The upgrade from Neutral to Buy indicates a positive outlook for Sylvamo's stock. The increase in price target from $52 to $61 suggests that the analyst expects the stock to perform well in the short term. This could lead to an increase in demand for the stock, potentially driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100