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BofA Adjusts Price Target on International Paper to $47 From $53, Maintains Buy Rating
BofA has lowered its price target for International Paper (IP) to $47 from $53, while reiterating a “Buy” rating on the stock. This adjustment reflects an updated valuation for the paper and packaging company. Other firms like JPMorgan, Deutsche Bank, BNP Paribas, and Wells Fargo have also recently updated their price targets and ratings for International Paper.