RBC Capital Maintains Sector Perform on Rayonier, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Quinn has maintained a 'Sector Perform' rating on Rayonier (NYSE:RYN) and increased the price target from $32 to $34.
December 19, 2023 | 3:54 pm
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RBC Capital has reaffirmed Rayonier's 'Sector Perform' rating and raised its price target from $32 to $34, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a positive sentiment towards Rayonier's stock performance in the short term. As price targets can influence investor expectations and market sentiment, this revised target may lead to an uptick in the stock price as investors adjust their valuations.
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