International Paper initiated with a Hold at Deutsche Bank

Deutsche Bank initiated coverage of International Paper (IP) with a Hold rating and $38 price target The firm launched coverage of the packaging sector, saying it is “navigating a complex and evolving economic landscape” in early 2026. Last year’s headwinds of soft consumer demand and cost inflation are now compounded by higher oil prices and significant tariff-related pressures, creating a challenging backdrop for the industry, the analyst tells investors in a research note. Deutsche is “constructive on the rigid and flexible packaging group” and “cautious” on the fiber-based packaging group.