2024-05-22 12:19:02 ET
Summary
- Rayonier Inc. is making good progress with its plan to sell $1 billion worth of assets, as the company is considering a number of potential transactions.
- Rayonier's unchanged FY 2024 guidance implies a return to positive EBITDA growth this year.
- A favorable FY 2024 outlook and positive disclosures pertaining to asset divestment support the case of a Buy rating for Rayonier.
Elevator Pitch
I assign a Buy rating to Rayonier Inc. ( RYN ) shares.
My prior write-up published on March 8, 2024, highlighted Rayonier's comments at its Investor Day this year and an investment conference organized by Raymond James ( RJF ). The current article provides an update on RYN's asset monetization activities and the company's expected financial performance this year....
Read the full article on Seeking Alpha
For further details see:
Rayonier: Staying Bullish On Asset Monetization Plan And Financial Outlook