Eventide Asset Management and
Curi Capital LLC have altered their stakes in
International Paper (IP), with the former reducing and the latter increasing their investments. This comes amid an industry-wide supply headwinds, highlighted by
JPMorgan modifying IP's target price. IP has announced the closures of several facilities in the US as part of its strategic growth initiative, affecting hundreds of employees. The company has made attempts to reposition through moves such as exploring the establishment of a sustainable packaging facility in Salt Lake City and making relevant IT partnerships. Their financial reports, however, show a challenging period with quarterly losses and sales below analyst estimates. Nevertheless, there is a positive outlook from
Stifel and
UBS, upgrading IP to buy and confirming a $60 target. IP also declares its regular dividends. Meanwhile, IP's CEO is confident about picking up momentum. The company is also divesting its cellulose fibers business for $1.5 billion and focusing on transforming and restructuring for potential turnaround, despite ongoing losses.
International Paper IP News Analytics from Wed, 26 Mar 2025 07:00:00 GMT to Sat, 13 Dec 2025 11:27:19 GMT -
Rating -2
- Innovation 4
- Information 7
- Rumor 1
