International Paper Gearing Up For Recovery With Optimistic Containerboard Market Trends: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Truist Securities analyst Michael Roxland has upgraded International Paper Company (NYSE:IP) to Buy from Hold, raising the price target to $43 from $30. The analyst believes the containerboard market is poised for recovery due to improving demand and balanced inventories. IP is preferred over Westrock Company (NYSE:WRK) and Packaging Corporation Of America (NYSE:PKG) due to its greater operating leverage and upside. The analyst also expects IP to benefit from the growth in the Paper Products industry.
September 21, 2023 | 4:05 pm
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POSITIVE IMPACT
International Paper Company has been upgraded to Buy from Hold by Truist Securities, with a raised price target of $43. The company is expected to benefit from the recovery of the containerboard market and growth in the Paper Products industry.
The upgrade by Truist Securities and the positive outlook for the containerboard market are likely to boost investor confidence in IP, potentially driving its stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Packaging Corporation Of America is not preferred by Truist Securities analyst Michael Roxland over International Paper Company due to less operating leverage and upside.
The analyst's preference for IP over PKG due to its greater operating leverage and upside could negatively impact investor sentiment towards PKG, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Westrock Company is not preferred by Truist Securities analyst Michael Roxland over International Paper Company due to less operating leverage and upside.
The analyst's preference for IP over WRK due to its greater operating leverage and upside could negatively impact investor sentiment towards WRK, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60