Why Did Rayonier Advanced Materials Inc. (RYAM) Soar 10.28% Pre-Market?

On March 24, 2025, Rayonier Advanced Materials Inc. (RYAM) saw a significant pre-market rise of 10.28%.

Rayonier Advanced Materials Inc. has been the subject of recent analyst actions and institutional trading activities. Royal Bank of Canada adjusted its price target for RYAM, lowering it from $12.00 to $11.00 while maintaining an "outperform" rating. This adjustment reflects the bank's updated outlook on the company's performance and potential.

Additionally, Victory Capital Management Inc. acquired a new stake in Rayonier Advanced Materials during the fourth quarter, indicating growing institutional interest in the company. This move suggests that some investors see value in RYAM's current position and future prospects.

Rayonier Advanced Materials is a key player in the production of cellulose specialties, which are used in a variety of applications including liquid crystal displays, filters, textiles, and performance additives for pharmaceutical, food, and other industrial uses. The company's primary revenue comes from its High Purity Cellulose segment, with a significant portion of its revenue derived from the United States.

Despite these positive developments, the company faces challenges, including opposition to its operations in Fernandina Beach. Local city commissioners rejected a plant proposal in February, highlighting the regulatory and community hurdles that Rayonier Advanced Materials must navigate.