Rayonier price target lowered to $25 from $27 at RBC Capital

RBC Capital analyst Matthew McKellar lowered the firm’s price target on Rayonier (RYN) to $25 from $27 and keeps a Sector Perform rating on the shares as part of a broader research note previewing 2026 for Paper & Forest Products. 2025 was a challenging year for much of the forest products group, and with demand conditions seemingly remaining tepid into early 2026, the firm continues to prefer exposure to names where a supply response has either already played out to a significant degree – such as the containerboard group – or is seemingly in progress – such as lumber producers, the analyst tells investors in a research note.