International Paper Company (IP) Tops Q1 EPS by 8c

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Go back to International Paper Company (IP) Tops Q1 EPS by 8c

International Paper Company (IP) 'valuation looks compelling,' says RBC Capital

April 28, 2023 2:26 PM EDT

International Paper Company (NYSE: IP) is finding its footing, according to RBC Capital analyst Matthew McKellar, who upgraded the stock to Outperform from Sector Perform and lowered the firm's price target on the stock to $39 from $40 in a note to clients Friday.

The firm believes Industrial Packaging shipments have... More