RYAM Announces Strong Second Quarter 2024 Results

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Rayonier Advanced Materials (RYAM) PT Raised to $9 at RBC Capital

August 8, 2024 6:26 AM EDT

RBC Capital analyst Matthew McKellar raised the price target on Rayonier Advanced Materials (NYSE: RYAM) to $9.00 (from $7.00) while maintaining a Outperform rating.

The analyst comments "RYAM reported Adjusted EBITDA of $68MM, above our estimate of $40.0MM and FactSet consensus (ex-RBC) of $46.6MM.... More