International Paper price target lowered to $43 from $47 at BofA

BofA lowered the firm’s price target on International Paper (IP) to $43 from $47 and keeps a Buy rating on the shares. International Paper does have several risk factors associated with its 80/20 turnaround and the industry, while M&A and its transformation create muddiness relative to performance and consensus expectations, the analyst tells investors in a research note. The firm added that it believes its industry price forecasts are above the Street and sees this as a positive catalyst for the shares.