BofA Securities downgraded Sylvamo from Neutral to Underperform and set a new price target of $96.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/11/2024 | $96.00 | Neutral → Underperform | BofA Securities |
| 10/15/2024 | $100.00 | Buy | Sidoti |
| 8/12/2024 | $71.00 → $82.00 | Buy → Neutral | BofA Securities |
| 8/10/2023 | $55.00 → $44.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 7/10/2023 | $52.00 → $61.00 | Neutral → Buy | BofA Securities |
| 12/15/2022 | $56.00 → $58.00 | Buy → Neutral | BofA Securities |
| 10/13/2022 | $56.00 | Buy | BofA Securities |
| 4/7/2022 | $40.00 → $43.00 | Sector Perform → Outperform | RBC Capital Mkts |
BofA Securities downgraded Sylvamo from Neutral to Underperform and set a new price target of $96.00
Sidoti initiated coverage of Sylvamo with a rating of Buy and set a new price target of $100.00
BofA Securities downgraded Sylvamo from Buy to Neutral and set a new price target of $82.00 from $71.00 previously
Sylvamo's (NYSE:SLVM) board of directors entered into a cooperation agreement with Atlas Holdings, its largest shareowner, adding two new independent directors to its board. Effective March 1, Sylvamo will add Karl Meyers and Mark Wilde, expanding the company's board to 11 directors. "We look forward to welcoming Karl and Mark to our board," said Jean-Michel Ribiéras, chairman and chief executive officer. "They will bring valuable expertise to Sylvamo." The cooperation agreement includes customary restrictions and voting commitments. Sylvamo will nominate Meyers and Wilde for election with its other directors during its 2023 annual shareowners meeting. The board also determined it would
Sylvamo (NYSE:SLVM), the world's paper company, will release fourth quarter earnings Wednesday, Feb. 12, before the start of trading on the New York Stock Exchange. The company will host an audio webcast at 10 a.m. EST / 9 a.m. CST. All interested parties are invited to listen at investors.sylvamo.com. Parties who wish to participate should call 800-715-9871 (U.S.) or +1-646-307-1963 (international) and use access code 2859530. Participants should call in no later than 9:45 a.m. EST / 8:45 a.m. CST. Replays are available at investors.sylvamo.com for one year and by phone for one week. To listen by phone, call 800-770-2030 (U.S.) or +1-609-800-9909 (international) and use access code 2
Sylvamo's (NYSE:SLVM) board of directors declared a quarterly dividend of $0.45 per share for the period of Jan. 1, 2025, to March 31, 2025. The dividend is payable Jan. 24, 2025, to holders of record at the close of business Jan. 6, 2025. About Sylvamo Sylvamo (NYSE:SLVM) is the world's paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,500 colleagues. Net sales for 2023 were $3.7 billion. For more information, please visit Sylva
Sylvamo (NYSE:SLVM), the world's paper company, now has access to $60 million initially put in escrow for disputed goodwill tax deductions in Brazil which it intends to use to pay down debt. The company's lenders agreed to eliminate the escrow after a Brazilian court ruled in its favor. The ruling—covering two-thirds of the amount disputed in several proceedings—is subject to appeal. Due to the potential liability of the goodwill tax deductions, lenders limited Sylvamo to $90 million in annual cash returns when it became an independent company in 2021. In September 2023, the company made a $60 million escrow deposit to remove the limit in its credit agreement, allowing it to return more
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4 - Sylvamo Corp (0001856485) (Issuer)
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10-Q - Sylvamo Corp (0001856485) (Filer)
8-K - Sylvamo Corp (0001856485) (Filer)
8-K - Sylvamo Corp (0001856485) (Filer)
Sylvamo (NYSE:SLVM), the world's paper company, will release fourth quarter earnings Wednesday, Feb. 12, before the start of trading on the New York Stock Exchange. The company will host an audio webcast at 10 a.m. EST / 9 a.m. CST. All interested parties are invited to listen at investors.sylvamo.com. Parties who wish to participate should call 800-715-9871 (U.S.) or +1-646-307-1963 (international) and use access code 2859530. Participants should call in no later than 9:45 a.m. EST / 8:45 a.m. CST. Replays are available at investors.sylvamo.com for one year and by phone for one week. To listen by phone, call 800-770-2030 (U.S.) or +1-609-800-9909 (international) and use access code 2
Sylvamo's (NYSE:SLVM) board of directors declared a quarterly dividend of $0.45 per share for the period of Jan. 1, 2025, to March 31, 2025. The dividend is payable Jan. 24, 2025, to holders of record at the close of business Jan. 6, 2025. About Sylvamo Sylvamo (NYSE:SLVM) is the world's paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,500 colleagues. Net sales for 2023 were $3.7 billion. For more information, please visit Sylva
Sylvamo (NYSE:SLVM), the world's paper company, now has access to $60 million initially put in escrow for disputed goodwill tax deductions in Brazil which it intends to use to pay down debt. The company's lenders agreed to eliminate the escrow after a Brazilian court ruled in its favor. The ruling—covering two-thirds of the amount disputed in several proceedings—is subject to appeal. Due to the potential liability of the goodwill tax deductions, lenders limited Sylvamo to $90 million in annual cash returns when it became an independent company in 2021. In September 2023, the company made a $60 million escrow deposit to remove the limit in its credit agreement, allowing it to return more