Truist Securities Maintains Buy on International Paper, Lowers Price Target to $40-Report Released on 1 February 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Roxland has maintained a Buy rating on International Paper (NYSE:IP) but lowered the price target from $46 to $40 as of 1 February 2024.

February 02, 2024 | 7:55 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on International Paper but lowers the price target from $46 to $40.
While the maintenance of a Buy rating suggests continued confidence in International Paper's fundamentals and potential for growth, the reduction in the price target could indicate concerns about near-term challenges or market conditions that might limit the stock's upside. This mixed signal could lead to neutral short-term price movement as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100