International Paper Co (IP) Gets a Buy from Wells Fargo
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Gabrial Hajde maintained a Buy rating on International Paper Co (IP) with a $42 price target. This follows a recent downgrade of IP to Hold by Bank of America Securities, while Truist Financial previously issued a Buy rating. The report highlights Hajde's track record and coverage of the Consumer Cyclical sector.
In a report released today, Gabrial Hajde from Wells Fargo maintained a Buy rating on International Paper Co, with a price target of $42.00.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Hajde is a 3-star analyst with an average return of 2.4% and a 57.04% success rate. Hajde covers the Consumer Cyclical sector, focusing on stocks such as Ball, International Paper Co, and Packaging.
In addition to Wells Fargo, International Paper Co also received a Buy from Truist Financial’s Michael Roxland in a report issued on July 10. However, yesterday, Bank of America Securities downgraded International Paper Co (NYSE: IP) to a Hold.