Fintel reports that on December 11, 2024, B of A Securities downgraded their outlook for Sylvamo (MUN:88L) from Neutral to Underperform.
Analyst Price Forecast Suggests 40.21% Downside
As of December 20, 2023, the average one-year price target for Sylvamo is 50,49 €/share. The forecasts range from a low of 44,44 € to a high of 57,75 €. The average price target represents a decrease of 40.21% from its latest reported closing price of 84,45 € / share.
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The projected annual revenue for Sylvamo is 3,638MM, a decrease of 3.42%. The projected annual non-GAAP EPS is 5.16.
What is the Fund Sentiment?
There are 759 funds or institutions reporting positions in Sylvamo. This is an increase of 52 owner(s) or 7.36% in the last quarter. Average portfolio weight of all funds dedicated to 88L is 0.21%, an increase of 1.12%. Total shares owned by institutions increased in the last three months by 1.91% to 46,661K shares.
What are Other Shareholders Doing?
Atlas FRM holds 6,312K shares representing 15.39% ownership of the company. No change in the last quarter.
Pacer Advisors holds 2,304K shares representing 5.62% ownership of the company. In its prior filing, the firm reported owning 3K shares , representing an increase of 99.88%. The firm increased its portfolio allocation in 88L by 96,996.95% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 2,188K shares representing 5.34% ownership of the company. In its prior filing, the firm reported owning 2,261K shares , representing a decrease of 3.30%. The firm increased its portfolio allocation in 88L by 8.72% over the last quarter.
Nomura Holdings holds 2,150K shares representing 5.24% ownership of the company. No change in the last quarter.
Lsv Asset Management holds 1,726K shares representing 4.21% ownership of the company. In its prior filing, the firm reported owning 1,749K shares , representing a decrease of 1.37%. The firm increased its portfolio allocation in 88L by 20.78% over the last quarter.
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This story originally appeared on Fintel.
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