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Fly News Breaks for February 8, 2019
RYN
Feb 8, 2019 | 07:14 EDT
BMO Capital analyst Mark Wilde upgraded Rayonier to Market Perform and kept his price target unchanged at $34 after its recent Q4 results saying the performance was mixed, with depressed timber prices but better than expected adjusted EBITDA. The analyst cites valuation as the key driver of the upgrade, noting that the stock now trades at about 18% discount relative to his "prudent estimated of net asset value".
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