Rayonier Advanced Materials (RYAM) PT Raised to $10 at RBC Capital
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Rating Summary:
3 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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RBC Capital analyst Matthew McKellar raised the price target on Rayonier Advanced Materials (NYSE: RYAM) to $10.00 (from $9.00) while maintaining a Outperform rating.
The analyst comments "We hosted a series of meetings between investors and RYAM, including De Lyle Bloomquist (President and CEO) and Cody LaCoste (Investor Relations Manager). We came away with a positive view of the company’s progress on refinancing its 2026 notes and its Biomaterials strategy and are raising our price target to $10 from $9. This note recaps highlights from our discussions."
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