RBC Capital analyst Paul Quinn raised the firm’s price target on International Paper to $40 from $36 but keeps a Sector Perform rating on the shares. The company’s Q4 results were significantly above estimates, but its adjusted EBITDA beat was supported by one-time items in the quarter, the analyst tells investors in a research note. The firm added that it sees better opportunities elsewhere until the outlook for containerboard supply-demand balance becomes more clear.
Published first on TheFly
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