Reported 5 months ago
Shares of International Paper (NYSE: IP) are up 6% as of Thursday afternoon after an upgrade from Jefferies Financial Group (NYSE: JEF). The company has attracted investor interest due to potential merger talks and its pursuit of British paper supplier DS Smith, as well as being a target for Brazil's Suzano. Analyst Philip Ng sees multiple opportunities for International Paper to enhance shareholder value under CEO Andrew Silvernail's leadership, despite the stock's relatively flat performance over the last decade. While the stock has gained 26% in the past month, there are considerations regarding potential deal outcomes and market conditions.
Source: YAHOO