Truist keeps a Buy rating on International Paper after Suzano announced it has ended negotiations with the company as the price it had intended to offer did not result in engagement. The firm expects International Paper shares to be under some pressure given the loss of the Suzano takeover premium, but says the stock could continue to “grind higher” afterwards given the self-help initiatives that CEO Andy Silvernail is pursuing. Truist keeps a Buy rating on the name with a $52 price target.
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