International Paper price target lowered to $55 from $58 at BofA

BofA analyst George Staphos lowered the firm’s price target on International Paper (IP) to $55 from $58 and keeps a Neutral rating on the shares. International Paper had a weaker-than-expected Q2, particularly in EMEA, and guidance requires acceleration from Q2, notes the analyst, who adds that FY25 EMEA EBITDA guidance of $900M-$1.1B “seems aggressive.”