UPDATE: Bank of America Raises PT on Rayonier on Increasing FCF
March 15, 2013 at 11:11 AM EDT
In a report published Friday, Bank of America analyst Michael A. Roxland reiterated his Buy rating on Rayonier (NYSE: RYN ), and raised his price target from $61.00 to $63.00. In the report, Roxland noted, “We recently had the chance to check in with our industry sources in and around