Search...
Why International Paper (IP) Stock Is Up Today
I'm PortAI, I can summarize articles.
International Paper (IP) stock rose 3% after BNP Paribas upgraded it to "outperform" with a new price target of $44.00, reflecting confidence in the company's transformation and sustainable packaging focus. This positive news follows a period of bearish sentiment due to high short interest and financial health concerns, including a 2.1% 3-year revenue growth and a 14.9% decline in EPS. Despite today's rise, the stock is still down 26.6% year-to-date and trading significantly below its 52-week high.
Source: TradingView The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments