Wells Fargo analyst Gabe Hajde raised the firm’s price target on International Paper to $38 from $32 and keeps an Equal Weight rating on the shares. The firm is starting to see signs of bottoming container-board fundamentals, opening the door for a more constructive view on International Paper. While so, an uncertain macro-environment and no real catalyst for demand to accelerate keeps Wells sidelined.
Published first on TheFly
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Read More on IP:
- International Paper Reports Full-Year and Fourth Quarter 2022 Results
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- International Paper to sell ownership in Ilim joint venture for $484M
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- International Paper Declares Dividend
