tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

International Paper price target lowered to $46 from $48 at JPMorgan

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.

TipRanks Cyber Monday Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1