Sylvamo downgraded to Underperform at BofA after ‘strong run’

BofA analyst George Staphos downgraded Sylvamo (SLVM) to Underperform from Neutral with a $96 price target The firm sees trends “as currently solid for Sylvamo,” calling its rating change “a relative call” after a “strong run” for the shares. Despite having recently raised forecasts, the firm’s expected total return potential for shares is only 8% including dividends with 2025 seen as “a relative peak in earnings,” the analyst tells investors.