International Paper (NYSE:IP) is one of the 8 best paper and plastic packaging stocks to buy according to hedge funds.
On February 2, Citi analyst Anthony Pettinari increased his price target on International Paper (NYSE:IP) from $46 to $47. The analyst maintained a Buy rating on the stock, even after the company reported “light” fourth-quarter results and a similar outlook for the coming year.
Back on January 30, Gabrial Hajde of Wells Fargo upgraded his rating on International Paper (NYSE:IP) from Underweight to Equal Weight. The analyst also increased the price target from $36 to $40.
Hajde reflected upon the company’s PSNA operations that have exhibited “step-change improvements” in the past couple of years. Negating his previous views on managing two distinct markets, the analyst now sees “a more balanced risk/reward profile” and has also aligned his stance with management that regions are better as independent companies.
International Paper (NYSE:IP) is a provider of renewable fiber-based packaging and pulp products, with a focus on consumer and industrial packaging. The business is structured into 2 segments: Industrial Packaging and Global Cellulose Fibers. In 2025, the company expanded its presence in North America and EMEA through the acquisition of DS Smith.
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Disclosure: None. This article is originally published at Insider Monkey.
