Sylvamo price target raised to $55 from $45 at RBC Capital

RBC Capital raised the firm’s price target on Sylvamo to $55 from $45 but keeps a Sector Perform rating on the shares after its better than expected and guided Q4 adjusted EBITDA. The firm continue to view Sylvamo’s focus on return of capital as attractive, though it also remains at neutral due to the fluid supply-demand environment in paper markets, the analyst tells investors in a research note.