Sylvamo price target lowered to $44 from $64 at BofA

BofA lowered the firm’s price target on Sylvamo (SLVM) to $44 from $64 and keeps an Underperform rating on the shares. The firm noted that tariff and macro effects have impacted fundamentals and earnings power for Sylvamo. BofA maintained an Underperform rating on the shares given the company’s relative upside and risks, as well as challenges in the paper/pulp sector and global economy, the firm told investors in a research note.