International Paper Analysts Slash Their Forecasts Following Q1 Results
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International Paper (NYSE:IP) reported mixed Q1 results, with earnings of 15 cents per share beating estimates but sales of $5.970 billion falling short. CEO Andy Silvernail noted progress in North America and ongoing challenges from inflation and weather. Following the earnings announcement, analysts adjusted their price targets: RBC Capital lowered its target from $48 to $45, while JP Morgan reduced its target from $46 to $43. The stock rose 4.8% to $31.88.
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