International Paper Co. (IP) Tops Q1 EPS by 6c

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International Paper (IP) Stock Finding a Bottom, Fundamentals Inflecting - Jefferies

May 1, 2014 10:50 AM EDT

Jefferies analyst Philip Ng raised estimates and his price target on Buy-rated International Paper (NYSE: IP) to $56.00 (from $55.00) following Q1 results, saying the stock is finding a bottom and fundamentals inflecting.

Ng comments, "With demand recovering in containerboard and the Russia headwind fairly... More