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Fly News Breaks for August 8, 2019
RYN
Aug 8, 2019 | 20:37 EDT
BMO Capital analyst Mark Wilde lowered his price target on Rayonier to $30 and kept his Market Perform rating after its Q2 results and lowered FY19 EBITDA view to $245M-265M from $270M-290M. The analyst says the company's New Zealand business has been impacted by a "sharp drop in export log prices to China", while its Pacific Northwest volume and prices were "hit by trade uncertainty and a sluggish domestic lumber market."
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