JPMorgan Adjusts International Paper (IP) Target as Industry Faces Supply Headwinds

Group 1: Company Overview - International Paper Company (NYSE:IP) is a major global player in packaging and paper, focusing on corrugated packaging, industrial papers, and consumer packaging [5] Group 2: Recent Developments - In November, International Paper announced the shutdown of two US packaging plants in Compton, California, and Louisville, Kentucky, as part of cost-cutting and consolidation efforts due to softer demand, affecting approximately 218 employees [3] - The company has been restructuring its business throughout the year, including the sale of its global cellulose fibers unit to American Industrial Partners for $1.5 billion in August, aimed at sharpening its focus on sustainable packaging [4] Group 3: Market Analysis - JPMorgan analyst Detlef Winckelmann adjusted the price target for International Paper to $46 from $48, maintaining a Neutral stance, citing excess supply challenges across the paper and packaging industry for 2026, although he noted a structural capacity reset in the US corrugated packaging market that may support pricing [2]