Wells Fargo Maintains Equal-Weight on International Paper, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde maintains an Equal-Weight rating on International Paper (NYSE:IP) and lowers the price target from $39 to $35.
February 02, 2024 | 2:23 pm
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Wells Fargo maintains an Equal-Weight rating on International Paper and lowers the price target from $39 to $35.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of International Paper. The Equal-Weight rating suggests that the analyst views the company as adequately valued at its current price, but the lowered price target indicates a revision of the expected future performance.
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IMPORTANCE 75
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