Truist Securities Reiterates Buy Rating on International Paper (IP)

Truist Securities analyst Michael Roxland reiterated a Buy rating and $64.00 price target on International Paper (NYSE: IP)

The analyst comments "We had the pleasure of attending International Paper’s Investor Day in New York. We came away increasingly confident in IP’s transformation to a leaner, more agile, customercentric, and return-generative organization. IP has made considerable progress rolling out 80/20 in North America, with significant runway for further cost take-out, productivity, and optimization. The addition of DS Smith affords IP scale in Europe and another avenue for growth with the potential for cross pollination opportunities and notable 80/20 and cost benefits. We reiterate our Buy rating on IP."

For an analyst ratings summary and ratings history on International Paper click here. For more ratings news on International Paper click here.

Shares of International Paper closed at $56.26 yesterday.

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