Sylvamo price target lowered to $41 from $44 at BofA

BofA analyst George Staphos lowered the firm’s price target on Sylvamo (SLVM) to $41 from $44 and keeps an Underperform rating on the shares. Packaging and paper/forest stocks have come under renewed pressure, as the stocks have declined 15% relative to the market since June 30, notes the analyst, who sees a “mixed” Q3 ahead for the group.