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Fly News Breaks for August 25, 2015
IP
Aug 25, 2015 | 09:04 EDT
Buckingham upgraded International Paper to Buy with a $50 price target. The firm believes anti-dumping duties should improve UCFS dynamics and margins, and expects a dividend raise in the near-term.
News For IP From the Last 2 Days
IP
Apr 26, 2024 | 07:53 EDT
Wells Fargo lowered the firm's price target on International Paper (IP) to $37 from $42 and keeps an Equal Weight rating on the shares. While improving containerboard fundamentals are positive for International Paper, Wells believes the DS Smith (DITHF) merger remains an overhang, the analyst tells investors in a research note. In addition, the firm says it remains unclear how long or what level of return is associated with increased spend across the company's Industrial Packaging operations.
IP
Apr 25, 2024 | 07:04 EDT
Reports Q1 revenue $4.62B, consensus $4.56B. "International Paper made progress executing our strategic initiatives in the first quarter,'' said Mark Sutton, chairman and CEO. "We saw commercial benefits from our business strategies, as well as cost benefits from mill system optimization. Although costs remain elevated and volumes were seasonally lower in the quarter, market trends continue to improve."
