Market Overview

UPDATE: Jefferies Initiates International Paper at Buy, Cites Better Than Expected Sales Trends

Share:
Related IP
Jim Cramer Weighs In On Teva, International Paper And Inogen
Benzinga's Top Upgrades, Downgrades For August 14, 2017

In a report published Tuesday, Jefferies initiated coverage on International Paper (NYSE: IP) with a Buy rating with a $52.00 price target.

Jefferies reported that, “Even without help from the economy, based on its capital and projects and synergies from its recent acquisitions, IP can boost its EBITDA by $875 mil to $1.1 bil (24%+ increase from 2012) over the next few years. The company is doing a great job integrating Temple, and with the build out of Ilim and its Franklin mill nearly complete, it should provide a nice tailwind to earnings.”

International Paper shares closed Monday at $35.86.

Latest Ratings for IP

DateFirmActionFromTo
Aug 2017DA DavidsonUpgradesNeutralBuy
Jul 2017Goldman SachsUpgradesNeutralBuy
Apr 2017RBC CapitalUpgradesSector PerformOutperform

View More Analyst Ratings for IP
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Initiation Analyst Ratings

 

Related Articles (IP)

View Comments and Join the Discussion!