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Fly News Breaks for May 3, 2016
WY, IP
May 3, 2016 | 05:38 EDT
Jefferies analyst Philip Ng downgraded International Paper (IP) to Hold citing fluff pulp oversupply and his belief that the Weyerhaeuser (WY) acquisition synergy target appears aggressive. Ng believes the stock could see multiple compression and lowered his price target for the shares to $47 from $51.
News For IP;WY From the Last 2 Days
