Rayonier Advanced Materials (RYAM) PT Raised to $10 at RBC Capital

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."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Critical One Energy closes second tranche of flow-through placement
• Mosaic sets pricing for tender offers on up to $1.4B in debt