Truist upgraded International Paper to Buy from Hold with a price target of $43, up from $30. The firm is increasing its estimates and targets for all containerboard producers as it believes that the containerboard market is reaching a positive inflection point and poised for recovery due to improving demand from the end of destocking and increasingly balanced inventories. While weak demand and destocking have plagued the industry since Q2 of 2022, demand trends have recently begun to improve and the firm expects there could be “more notable demand improvement on the horizon,” the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on IP:
- Early notable gainers among liquid option names on September 21st
- International Paper upgraded to Buy from Hold at Truist
- International Paper Completes Sale of Ownership Interest in Ilim Joint Venture
- International Paper management to meet virtually with Seaport Global
- International Paper announces CEO succession plan
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue