Truist analyst Michael Roxland raised the firm’s price target on International Paper to $38 from $30 and keeps a Hold rating on the shares. The company’s Q4 results were better on cost tailwinds and the management believes that most destocking occurred in the quarter, setting the stage for a modest demand recovery as the year progresses with shipments forecast to increase 1% in 2023, the analyst tells investors in a research note.
Published first on TheFly
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- International Paper price target raised to $40 from $36 at RBC Capital
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