Sylvamo price target raised to $83 from $79 at RBC Capital

RBC Capital raised the firm’s price target on Sylvamo (SLVM) to $83 from $79 and keeps a Sector Perform rating on the shares after its Q3 earnings beat. The firm is positive on the company’s low-cost mill system, high-return capital project pipeline and focus on returning capital to shareholders, though it also sees better relative return opportunities elsewhere in its coverage universe, the analyst tells investors in a research note.