Truist Securities Maintains Hold on Rayonier, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Roxland has maintained a Hold rating on Rayonier (NYSE:RYN) and increased the price target from $33 to $34.
January 04, 2024 | 3:47 pm
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Truist Securities analyst Michael Roxland has reaffirmed a Hold rating on Rayonier and raised the price target from $33 to $34.
The price target increase from Truist Securities suggests a slightly more optimistic outlook on Rayonier's future performance. However, since the rating remains a Hold and the price target change is marginal, the short-term impact on the stock price is likely to be neutral.
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