Argus analyst David Coleman raised the firm’s price target on International Paper to $50 from $43 and keeps a Buy rating on the shares after its Q4 earnings beat. The company offers a strong track record in its industry, and its products and services should remain in high demand, the analyst tells investors in a research note. International Paper’s balance sheet is also "solid" and its dividend yield of about 4.6% is "attractive", the firm adds.
Published first on TheFly
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