UBS analyst Cleve Rueckert upgraded International Paper to Neutral from Sell with a price target of $43, up from $31. The firm believes near-term downside risk is priced in and is increasingly confident on a demand trough in Q1, the analyst tells investors in a research note. Based on management comments, UBS expects the dividend will remain stable in 2023, supporting the stock against meaningful downside.
Published first on TheFly
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