RBC Capital Maintains Sector Perform on Rayonier, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew McKellar maintains a Sector Perform rating on Rayonier (NYSE:RYN) and raises the price target from $34 to $35.
February 02, 2024 | 4:55 pm
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RBC Capital analyst Matthew McKellar maintains a Sector Perform rating on Rayonier and raises the price target from $34 to $35.
The increase in price target by RBC Capital suggests a positive outlook on Rayonier's stock, potentially leading to short-term price appreciation. The maintenance of a Sector Perform rating indicates a neutral long-term view, but the price target adjustment is a positive signal for short-term investors.
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