International Paper (IP) Could See Upside on Pricing Power, Flat Capacity
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Wall Street resumes 2016 slide as energy stocks tumble
January 25, 2016 7:33 AM UTCBy Lewis Krauskopf
(Reuters) - Wall Street sold off on Monday, pulled lower by further weakness in oil prices as energy shares led declines, with major indexes retreating after last week's strong gains.
Oil prices fell 6 percent on concerns of oversupply after news that Iraq's output reached a record last month.
The S&P energy group dropped 4.5 percent, the worst performing sector. Exxon (NYSE: XOM) and Chevron (NYSE: CVX) each fell more than 3 percent, while ConocoPhillips (NYSE: COP) tumbled 9.2... More
UPDATE: Citi Downgrades International Paper (IP) to Neutral
January 25, 2016 7:22 AM UTC(Updated - January 25, 2016 9:32 AM EST)
(Update corrects headline to say downgrade from Buy to Neutral, not Upgrade)
Citi downgraded International Paper (NYSE: IP) from Buy to Neutral.
For an analyst ratings summary and ratings history on International Paper... More
