Sylvamo price target raised to $49 from $47 at RBC Capital

RBC Capital raised the firm’s price target on Sylvamo (SLVM) to $49 from $47 and keeps a Sector Perform rating on the shares after its Q3 results. The firm has a positive view of Sylvamo’s low-cost mill system and focus on deepening its cost competitiveness and returning cash to shareholders, although the company also faces a challenging outlook in Europe and some level of risk that imports continue to push into North America, the analyst tells investors in a research note.