International Paper has reported a significant loss in earnings over the last quarter, with an over $1 billion impairment charge leading to a quarterly loss. This led to a price drop in their stocks and an underweight recommendation from
Wells Fargo. The company's hopes for a profit turnaround have been challenged by five consecutive years of losses.
International Paper has also partnered with an outside company for IT, affecting workers in Memphis. Despite the disappointing result, analysts continue to show bullishness on the company, reiterating “Buy” ratings with target prices around $60.
International Paper has recently announced strategic changes to support growth in North America. However, they are also planning to close multiple facilities and sell off certain business divisions, suggesting a turbulent period of restructuring. The company is focusing on mill improvements and exploring the construction of a new sustainable packaging facility in Salt Lake City, Utah.
International Paper IP News Analytics from Wed, 26 Mar 2025 07:00:00 GMT to Sat, 01 Nov 2025 15:14:43 GMT -
Rating -5
- Innovation -2
- Information 6
- Rumor 3
