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IP

International Paper

$38.42

-0.68 (-1.74%)

07:27
10/09/19
10/09
07:27
10/09/19
07:27

International Paper dividend raise 'a small but encouraging step,' says Stephens

Stephens analyst Mark Connelly called International Paper's announcement of a 2.5% dividend increase "a small but encouraging step" at a time when its CEO must convince investors that the company will be more shareowner-friendly than it has been in the past and investor confidence in the company's best business is flagging. Investors should see the dividend hike as reassuring and part of an encouraging pattern of capital allocation since Mark Sutton took over, said Connelly, who keeps a $50 price target and Equal Weight rating on International Paper shares.

  • 31

    Oct

IP International Paper
$38.42

-0.68 (-1.74%)

06/24/19
06/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Sonoco (SON) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Maguire citing valuation. 2. Occidental Petroleum (OXY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott saying he believes covering the 2020 dividend at current oil prices will require meaningful capital expenditure cuts, even though the Anadarko (APC) deal looks accretive to cash flow. 3. International Paper (IP) downgraded to Equal Weight from Overweight at Stephens with analyst Mark Connelly saying RISI decided to cut the price of containerboard $10 "just three days after investors breathed a sigh of relief on encouraging supply-demand fundamentals." 4. Shopify (SHOP) downgraded to Neutral from Buy at Roth Capital with analyst Darren Aftahi saying he remains positive on its underlying business prospects following the company's Unite conference and investor day but not on the stock's valuation, which has increased in the wake of the event. 5. Spotify (SPOT) downgraded to Underperform from In Line at Evercore ISI with analyst Kevin Rippey saying the recent rally in the stock "reflects an overly optimistic view" on the company's gross margin path and potential label negotiation outcomes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/19
SBSH
07/11/19
DOWNGRADE
SBSH
Neutral
International Paper downgraded to Neutral from Buy at Citi
Citi analyst Anthony Pettinari downgraded International Paper to Neutral from Buy.
07/15/19
KEYB
07/15/19
DOWNGRADE
Target $38
KEYB
Underweight
International Paper downgraded to Underweight from Sector Weight at KeyBanc
KeyBanc analyst Adam Josephson downgraded International Paper to Underweight from Sector Weight with a $38 price target.
07/15/19
07/15/19
DOWNGRADE
Target $38

Underweight
International Paper downgraded to Underweight at KeyBanc
As previously reported, KeyBanc analyst Adam Josephson downgraded International Paper to Underweight from Sector Weight with a $38 price target. The analyst believes his below-consensus estimates are biased downward rather than upward given worsening fundamentals in containerboard, pulp, and uncoated freesheet.

TODAY'S FREE FLY STORIES

FB

Facebook

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2.07 (1.14%)

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CNC

Centene

$48.49

-0.28 (-0.57%)

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D

Dominion

$83.07

0.29 (0.35%)

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BA

Boeing

$345.52

8.07 (2.39%)

11:02
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  • 23

    Oct

BA

Boeing

$345.79

8.34 (2.47%)

11:00
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  • 23

    Oct

MMM

3M

$166.93

-0.63 (-0.38%)

10:55
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3M put volume heavy and directionally bearish »

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  • 24

    Oct

GLOG

GasLog

$14.29

0.325 (2.33%)

, GLOP

GasLog Partners

$20.24

0.35 (1.76%)

10:55
10/23/19
10/23
10:55
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10:55
Conference/Events
Deutsche Bank shipping analyst to hold analyst/industry conference call »

Analysts, along with…

GLOG

GasLog

$14.29

0.325 (2.33%)

GLOP

GasLog Partners

$20.24

0.35 (1.76%)

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  • 23

    Oct

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BA

Boeing

$346.26

8.81 (2.61%)

10:54
10/23/19
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Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

BA

Boeing

$346.90

9.45 (2.80%)

10:53
10/23/19
10/23
10:53
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10:53
Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

FCX

Freeport McMoRan

$9.98

0.06 (0.60%)

10:51
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10:51
Hot Stocks
Freeport McMoRan says current copper prices not sustainable »

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  • 23

    Oct

BA

Boeing

$347.23

9.78 (2.90%)

10:50
10/23/19
10/23
10:50
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10:50
Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

UXIN

Uxin

$2.68

-0.04 (-1.47%)

10:47
10/23/19
10/23
10:47
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10:47
Downgrade
Uxin rating change  »

JPMorgan downgrades Uxin…

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BA

Boeing

$348.24

10.79 (3.20%)

10:43
10/23/19
10/23
10:43
10/23/19
10:43
Hot Stocks
Boeing CEO says may consider further 737 rate reductions, line shutdown »

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  • 23

    Oct

BA

Boeing

$348.52

11.07 (3.28%)

10:41
10/23/19
10/23
10:41
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10:41
Hot Stocks
Boeing expects to maintain current production rate for 737 MAX »

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  • 23

    Oct

KRE

SPDR S&P Regional Banking ETF

$53.96

-0.2 (-0.37%)

10:40
10/23/19
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10:40
Options
Size put spread in Regional Banking ETF rolls long puts to higher strike »

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10:40
10/23/19
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General news
Energy Action: WTI crude »

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BA

Boeing

$349.46

12.01 (3.56%)

10:37
10/23/19
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Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

BA

Boeing

$349.60

12.15 (3.60%)

10:36
10/23/19
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10:36
Hot Stocks
Boeing: FAA, others will ultimately determine timing of MAX return to service »

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  • 23

    Oct

BA

Boeing

$349.40

11.95 (3.54%)

10:35
10/23/19
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10:35
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10:35
Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

HOG

Harley-Davidson

$39.46

-0.57 (-1.42%)

10:35
10/23/19
10/23
10:35
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10:35
Options
Harley Davidson put volume heavy and directionally bearish »

Bearish flow noted in…

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10:35
10/23/19
10/23
10:35
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10:35
General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

BA

Boeing

$349.81

12.36 (3.66%)

10:35
10/23/19
10/23
10:35
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10:35
Hot Stocks
Boeing says has conducted more than 800 tests in production flights »

Says has conducted more…

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  • 23

    Oct

BA

Boeing

$349.65

12.2 (3.62%)

10:34
10/23/19
10/23
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10:34
Hot Stocks
Boeing CEO says 'regrets' difficulties that release of IM document has presented »

Says "understands…

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  • 23

    Oct

BA

Boeing

$349.52

12.07 (3.58%)

10:33
10/23/19
10/23
10:33
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10:33
Hot Stocks
Boeing CEO says 737 MAX accidents 'weigh heavily on us' »

Sys "nothing is more…

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  • 23

    Oct

USO

United States Oil Fund

$11.37

0.025 (0.22%)

10:30
10/23/19
10/23
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10:30
General news
Crude inventories for week of October 18 »

Crude oil inventories…

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