Rayonier price target raised to $37 from $36 at Seaport Research

Seaport Research raised the firm’s price target on Rayonier (RYN) to $37 from $36 and keeps a Buy rating on the shares. The firm notes a “tough” 1H in south U.S., but says it will watch on the inexpensive valuation relative to NAV and incoming cash, the analyst tells investors.