Sylvamo surpasses Q2 earnings expectations, hitting a new 52-week high of $79.82.
Paper & pulp company Sylvamo (SLVM) hit a new 52-week high of $79.82, surpassing Q2 earnings expectations by $0.40. Revenue increased 1.5% year-on-year to $933M. Royal Bank of Canada raised its price target to $71 and Bank of America to $82, both maintaining neutral ratings. Sylvamo has a market cap of $3.25bn, P/E of 17.00, and beta of 1.07.
August 23, 2024
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