Citigroup Upgrades International Paper to Buy, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari upgraded International Paper (NYSE:IP) from Neutral to Buy and increased the price target from $36 to $46, indicating a positive outlook on the company's future performance.

March 20, 2024 | 8:39 am
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International Paper's stock rating was upgraded by Citigroup from Neutral to Buy, with a price target increase from $36 to $46, suggesting a strong growth potential.
The upgrade from Neutral to Buy by a major financial institution like Citigroup, accompanied by a significant increase in the price target, is a strong indicator of positive sentiment towards International Paper's stock. This is likely to influence investor perception positively, leading to potential short-term price appreciation.
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