Truist lowered the firm’s price target on International Paper (IP) to $53 from $55 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in Packaging and Paper/Forest Products. The firm is “selectively” adjusting its estimates, having met with companies in its coverage to review quarterly trends while also including a $40/ton containerboard price increase effective February 2026, the analyst tells investors in a research note.
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