Wells Fargo analyst Christopher Manuel recommends using the weakness in shares of International Paper (IP) today as a buying opportunity. He reiterates Outperform ratings on both IP and WestRock (WRK). The analyst views International Paper's mill conversion plans positively, noting the the needed capacity is coming on stream from the top North American producer. IP's initiative also removes an estimated 235,000 tpy of uncoated freesheet capacity, Manuel tells investors in a research note. The analyst continues to view the industry supply/demand fundamentals constructively, but admits some will see today's news as an indication that IP may not follow Georgia Packaging and KapStone (KS) in pursuing a price increase.