Citigroup Lowers International Paper (IP) Target, Flags Tough Packaging Sector Setup
International Paper Company (NYSE:IP) is included among the 14 Value Stocks with Highest Dividends. Citigroup Lowers International Paper (IP) Target, Flags Tough Packaging Sector Setup On April 14, Citigroup lowered its price recommendation on International Paper Company (NYSE:IP) to $44 from $47. It reiterated a Buy rating on the shares. The firm updated its estimates for the packaging group as part of its Q1 preview. It described the near-term setup as “tough” for the sector, pointing to rising energy ...