BMO Maintains Outperform on International Paper

BMO is out with its report today on International Paper (NYSE: IP), maintaining Outperform.

In its report, BMO writes, "The $1.05/share dividend (3.8% yield) is attractive. We estimate IP 2012E free cash flow yield before dividends at 22%. IP is our preferred investment in the sector. Our rating is Outperform."

At the time of posting, shares of IP were trading pre-market at $27.95, up 0.65% from Tuesday's close.