Anthony Pettinari, an analyst from Citi, maintained the Hold rating on Rayonier. The associated price target was raised to $27.00.
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Anthony Pettinari has given his Hold rating due to a combination of factors related to Rayonier’s financial outlook and market conditions. The completion of significant asset sales has positioned Rayonier to potentially achieve a normalized EBITDA of approximately $250 million, which is higher than the company’s 2025 guidance. This improvement, along with a projected normalized cash available for distribution that comfortably covers the annual dividend, suggests a stable financial footing.
However, despite these positive developments, the valuation of Rayonier’s stock appears to be fair at its current level, which justifies maintaining a neutral stance. While there are anticipated benefits in 2026, such as a simplified portfolio and recovery in log prices, the expected share price return remains modest. Consequently, Pettinari’s Hold rating reflects a balanced view of the company’s potential and current market valuation.
In another report released on August 11, Truist Financial also reiterated a Hold rating on the stock with a $28.00 price target.