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Fly News Breaks for March 29, 2018
IP
Mar 29, 2018 | 06:47 EDT
UBS analyst Andreas Bokkenheuser started International Paper with a Buy rating and $63 price target. China's mixed paper ban is positive for North American containerboard prices, Bokkenheuser tells investors in a research note. The analyst sees International Paper as a primary beneficiary from China's new regulation.
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."
