International Paper Company (IP) Tops Q1 EPS by 8c

Go back to International Paper Company (IP) Tops Q1 EPS by 8c

International Paper Company (IP) 'valuation looks compelling,' says RBC Capital

April 28, 2023 2:26 PM EDT

International Paper Company (NYSE: IP) is finding its footing, according to RBC Capital analyst Matthew McKellar, who upgraded the stock to Outperform from Sector Perform and lowered the firm's price target on the stock to $39 from $40 in a note to clients Friday.

The firm believes Industrial Packaging shipments have... More