BofA Securities Upgrades International Paper (IP) to Buy
BofA Securities analyst George Staphos upgraded International Paper (NYSE: IP) from Neutral to Buy with a price target of $46.00 (from $34.00).
The analyst comments "We continue to make forecast and rating changes heading into 2026’s home stretch. Following our recent Sonoco (SON) downgrade to Neutral, we upgrade International Paper (IP) to Buy from Neutral. We raise containerboard price forecasts, along with other grades, and this is the primary driver of our forecast and rating change."
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Shares of International Paper closed at $34.29 yesterday.