B of A Securities Downgrades International Paper to Underperform, Lowers Price Target to $33
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst George Staphos has downgraded International Paper (NYSE:IP) from Neutral to Underperform and lowered the price target from $35 to $33.
July 10, 2023 | 11:39 am
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NEGATIVE IMPACT
International Paper has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target of $33.
The downgrade from Neutral to Underperform and the lowering of the price target by B of A Securities indicates a negative outlook for International Paper. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100