Wells Fargo analyst Gabe Hajde raised the firm’s price target on International Paper to $41 from $37 and keeps an Equal Weight rating on the shares. As Suzano appears to be working on structuring a deal, the firm believes the interest in International Paper is sincere. Assuming Suzano offers an attractive premium, Wells thinks International Paper’s shareholders may consider monetizing now; propelling Suzano to a pulp/cboard powerhouse.
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