Jefferies Maintains Hold on International Paper, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng has maintained a 'Hold' rating on International Paper (NYSE:IP) and lowered the price target from $33 to $32.
October 18, 2023 | 6:44 pm
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Jefferies has maintained a 'Hold' rating on International Paper and lowered the price target from $33 to $32.
The news directly pertains to International Paper (IP). The 'Hold' rating suggests that the analyst does not expect significant price movement in the short term. However, the lowering of the price target might have a slight negative impact, indicating that the analyst believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100