International Paper price target lowered to $57 from $61 at RBC Capital

RBC Capital analyst Matthew McKellar lowered the firm’s price target on International Paper (IP) to $57 from $61 and keeps an Outperform rating on the shares after its Q3 earnings miss. Demand seems likely to remain somewhat tepid for now, but the firm remains encouraged by supply rationalization in North America containerboard, which will result in a tighter market in 2026 that should be supportive for margin expansion, the analyst tells investors in a research note.