Jefferies Upgrades International Paper to Hold, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng has upgraded International Paper (NYSE:IP) from Underperform to Hold and raised the price target from $26 to $33.
September 27, 2023 | 9:35 am
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International Paper's stock rating has been upgraded by Jefferies from Underperform to Hold, with a raised price target of $33.
The upgrade from Underperform to Hold indicates a more positive outlook for International Paper. The raised price target from $26 to $33 suggests that the analyst sees potential for the stock's price to increase. This could potentially lead to a short-term positive impact on the stock's price.
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