Sylvamo price target lowered to $80 from $83 at RBC Capital

RBC Capital lowered the firm’s price target on Sylvamo (SLVM) to $80 from $83 and keeps a Sector Perform rating on the shares after its Q4 results. The firm is positive on the company’s focused business strategy and low-cost mill system as well as its emphasis on returning cash to shareholders, but it sees better relative return opportunities elsewhere in its coverage universe, the analyst tells investors in a research note.