JPMorgan analyst Detlef Winckelmann lowered the firm’s price target on International Paper (IP) to $46 from $48 and keeps a Neutral rating on the shares. The firm says that with excess supply “looming in almost every market across almost every product grade,” it expects 2026 to be a tough year for paper and packaging. However, the U.S. corrugated packaging market is facing a structural rationalization of capacity which should support prices through 2026, the analyst tells investors in a research note.
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