Market Overview

UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on International Paper

Share:
Related IP
Analyst: Investors Should 'Applaud' International Paper For Ending Proposed M&A Deal
Benzinga's Top Upgrades, Downgrades For June 6, 2018

In a report published Friday, Credit Suisse reiterated its Outperform rating on International Paper (NYSE: IP), and raised its price target from $42.00 to $44.00.

Credit Suisse noted, “While we lower our 2013 EPS estimate largely due to a sizeable increase in non-cash pension expense, we're confident our positive thesis continues to play out. Specifically, 1) strong leverage to structural improvement to the US containerboard market, 2) favorable growth in emerging markets, and 3) a robust FCF profile (11.4% FCF yield in 2013) to support deleveraging and an attractive dividend.”

International Paper closed on Thursday at $36.38.

Latest Ratings for IP

DateFirmActionFromTo
Jun 2018RBC CapitalUpgradesSector PerformOutperform
Jun 2018Wells FargoUpgradesMarket PerformOutperform
Apr 2018RBC CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for IP
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

Related Articles (IP)

View Comments and Join the Discussion!