International Paper Stock Surges on Analyst Upgrade

International Papers stock surged by three percent following an upgrade from BNP Paribas, changing their rating from strong sell to outperform and setting a new price target of forty-four dollars per share. The companys focus on sustainable packaging and business simplification is seen as a positive step towards industry leadership. Despite the initial surge, the stock closed up three point one percent, indicating a mixed market reaction. International Papers shares have been volatile, with eleven moves greater than five percent in the last year, and the stock is currently down twenty-six point six percent since the start of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.