RBC Capital Downgrades Sylvamo to Sector Perform, Lowers Price Target to $44
Portfolio Pulse from richadhand@benzinga.com
RBC Capital's analyst Paul Quinn has downgraded Sylvamo (NYSE:SLVM) from Outperform to Sector Perform and lowered the price target from $55 to $44.
August 10, 2023 | 9:30 am
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Sylvamo's rating has been downgraded by RBC Capital from Outperform to Sector Perform, with a reduced price target of $44, down from $55.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Sylvamo. The reduction in price target from $55 to $44 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100