B of A Securities Downgrades Sylvamo to Neutral, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Sylvamo (NYSE:SLVM) from Buy to Neutral while raising the price target from $71 to $82.
August 12, 2024 | 11:22 am
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NEUTRAL IMPACT
B of A Securities has downgraded Sylvamo from Buy to Neutral, but raised the price target from $71 to $82.
The downgrade from Buy to Neutral suggests a less optimistic outlook on Sylvamo's stock performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $82 indicates some underlying positive factors, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100