Analyst Anojja Shah of UBS maintained a Buy rating on International Paper Co, retaining the price target of $60.00.
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Anojja Shah has given his Buy rating due to a combination of factors related to International Paper Co’s strategic initiatives and operational improvements. The company’s implementation of the lighthouse program has significantly enhanced efficiency and productivity, particularly in its box plant network. This initiative is expected to contribute substantially to the company’s EBITDA growth, with a projected increase of $2.5-3.0 billion by 2027.
Furthermore, the specialization of production processes has streamlined operations, allowing for higher speeds and increased throughput at the superplants. The focus on key performance metrics and real-time data transparency has also empowered employees to drive improvements in safety, quality, and cost efficiency. These strategic changes, coupled with the leadership of CEO Andrew Silvernail, have positioned International Paper Co for strong future performance, justifying the Buy rating.
In another report released today, Truist Financial also reiterated a Buy rating on the stock with a $55.00 price target.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IP in relation to earlier this year.