Rayonier (RYN)
RBC Capital analyst Matt McKellar maintained a Hold rating on Rayonier on August 7 and set a price target of $24.00. The company’s shares closed last Friday at $21.79.
According to TipRanks.com, McKellar is a 4-star analyst with an average return of 8.9% and a 53.1% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, West Fraser Timber Co, and Mercer International.
Currently, the analyst consensus on Rayonier is a Hold with an average price target of $23.75, implying a 10.3% upside from current levels. In a report issued on July 28, BMO Capital also maintained a Hold rating on the stock with a $25.00 price target.
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