As previously reported, BofA analyst George Staphos upgraded International Paper (IP) to Buy from Neutral with a price target of $57, up from $55. While stating that there is “important execution risk” and consensus is “muddied by its pulp divestiture,” the firm adds that operating rates will now be over 95% in 2026 and notes that its average $60/ton pricing increase forecast exceeds consensus for $20-$30/ton. If the firm is right about pricing, this “should overwhelm IP’s near-term operating issues,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IP:
- International Paper upgraded to Buy from Neutral at BofA
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- International Paper Stock (IP) Jumps on Layoffs & Mill Closures
- International Paper to convert mill paper machine to produce containerboard
- International Paper’s packaging business in No. America initiates changes