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Stock Market & Financial Investment News

News Breaks
March 18, 2013
09:17 EDTIP, IPInternational Paper downgraded to Outperform from Buy at CLSA
CLSA no longer believes a containerboard price hike is likely given limited fundamental. As a result, the firm downgraded International Paper to Outperform from Buy. Price target is $52.
News For IP From The Last 14 Days
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January 27, 2015
06:21 EDTIPGraphic Packaging, Packaging Corp. could be targets, says Citigroup
Citigroup believes the merger between Rock-Tenn (RKT) and MeadWestvaco (MWV) makes sense and that the combined company has 16% upside potential from current levels. Citi believes the $300M synergy target could prove conservative and raised its price target for Rock-Tenn shares to $77 from $72. It thinks smaller players in the Paper & Forest products space, Graphic Packaging (GPK) and Packaging Corp. (PKG), could be potential takeover targets either for an acquirer or for a merger following the Rock-Tenn/MeadWestvaco deal. Citi views International Paper (IP) as a potential acquirer.
January 23, 2015
08:19 EDTIPBofA/Merrill paper/forest products analyst hold analyst/industry conference call
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January 16, 2015
10:01 EDTIPOn The Fly: Analyst Upgrade Summary
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09:04 EDTIPConocoPhillips names John Faraci, Argun Murti to board
ConocoPhillips (COP) announced that John Faraci, former chairman and CEO of International Paper (IP), and Arjun Murti, former partner at Goldman Sachs (GS), have been elected to its board of directors. The election of Faraci and Murti increases the total number of ConocoPhillips directors to 12, 11 of which are outside directors.
07:18 EDTIPInternational Paper upgraded to Outperform from Market Perform at Wells Fargo
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