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Why International Paper Stock Is Gaining Today
IPInternational Paper(IP) fool.com·2024-05-23 19:24

Group 1 - International Paper has seen a recent increase in share price due to speculation of a potential buyout, with shares up 6% following an upgrade by Jefferies Financial Group [1][2] - The company is actively pursuing growth opportunities, including a potential acquisition of British paper supplier DS Smith and being a target for Brazil's Suzano [2] - Jefferies analyst Philip Ng upgraded International Paper's stock rating to buy and raised the price target from 38to38 to 57, citing multiple strategies to enhance shareholder value under new CEO Andrew Silvernail [2] Group 2 - Despite a 26% increase in share price over the last month, International Paper's stock remains lower than its 2014 levels, indicating a long-term stagnation [3] - The potential acquisition of DS Smith is crucial for increasing scale in Europe, and the outlook is contingent on the success of this deal and the overall market cycle [3] - Investors may consider entering the stock for a potential turnaround, but should be aware of the volatility associated with merger discussions [3]