RBC Capital Reiterates Sector Perform on Sylvamo, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew McKellar reiterated a Sector Perform rating on Sylvamo (NYSE:SLVM) and increased the price target from $45 to $55.
February 26, 2024 | 3:48 pm
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RBC Capital has reiterated a Sector Perform rating on Sylvamo and raised the price target from $45 to $55.
The increase in price target by RBC Capital suggests a positive outlook on Sylvamo's stock, likely due to improved company fundamentals or market conditions. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100