Seaport Research analyst Mark Weintraub lowered the firm’s price target on International Paper (IP) to $60 from $63 and keeps a Buy rating on the shares. The firm is trimming its estimates based on the macro headwinds, but notes the company is making progress on the transformation, the analyst tells investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IP:
- International Paper Co.: Strategic Positioning and Cost Management Drive Buy Rating
- Cautious Outlook on International Paper Co. Amid Transformation and Macroeconomic Challenges
- International Paper Company Reports Q1 2025 Results
- International Paper’s Earnings Call: Mixed Sentiments and Strategic Focus
- International Paper Announces Q1 2025 Financial Results and Webcast