Truist Securities Maintains Hold on Rayonier, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Roxland maintains a Hold rating on Rayonier (NYSE:RYN) but lowers the price target from $34 to $31.
July 16, 2024 | 1:59 pm
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Truist Securities has maintained a Hold rating on Rayonier but has lowered the price target from $34 to $31, indicating a cautious outlook.
The lowered price target from $34 to $31 by Truist Securities suggests a less optimistic view on Rayonier's near-term performance, which could lead to a negative short-term impact on the stock price.
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