Why is Sylvamo stock rallying today?
Sylvamo (SLVM) stock rose 3.4% after Wells Fargo initiated coverage with an Overweight rating and $47 price target, citing its cost structure and competitive assets. The stock is near its 52-week low of $34.25. The broader market also showed gains, with the S&P 500 and NASDAQ up 0.4% and 0.8%, respectively.




