Truist analyst Michael Roxland lowered the firm’s price target on International Paper (IP) to $59 from $64 and keeps a Buy rating on the shares. Multiples across the firm’s coverage have compressed in recent weeks due to concerns over tariffs and the potential for a recession from slower consumer demand, the analyst tells investors in a research note.
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Read More on IP:
- International Paper price target lowered to $62 from $64 at RBC Capital
- International Paper price target lowered to 4,400 GBp from 4,600 GBp at JPMorgan
- Sylvamo CEO Jean-Michel Ribieras to retire, John Sims to succeed
- International Paper negotiates to divest five European corrugated box plants
- International Paper Enters Negotiations to Sell European Plants
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