International Paper price target raised to $45 from $43 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on International Paper to $45 from $43 and keeps an Equal Weight rating on the shares. While improving cboard fundamentals are positive for International Paper, the firm believes the company will experience near-term pains as it looks to restructure the organization. Should these efforts prove a success, International Paper will set forth a “tasty” $4B mid-cycle EBITDA target, Wells adds.