International Paper downgraded at RBC as willing to pay too much for Smurfit [Seeking Alpha]
International Paper Company (IP)
Last international paper company earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
internationalpaper.com/performance
Company Research
Source: Seeking Alpha
International Paper downgraded at RBC as willing to pay too much for SmurfitInternational Paper (IP-0.4%) is little changed despite suffering adowngrade by RBC Capital to Sector Perform from Outperform with a $57 price target, cut from $70, saying the company's synergy expectations for Smurfit Kappa are overly ambitious.The firm says IP will benefit from "considerable tailwinds" in its core North America containerboard business, as well as strong conditions in the pulp and paper business.On the other hand, thepotential Smurfit Kappa acquisition clouds the picture while producing a "considerable valuation overhang," as the price IP is willing to pay is too high.Click to subscribe to real-time analytics on IPNow read:International Paper Company (IP) Revised Proposal To Acquire Smurfit Kappa (SMFTF) - Slideshow »
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IP
News
- International Paper First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Lifshitz Law PLLC Announces Investigations of IP, MCBC, ELYM, and NXPLAccesswire
- International Paper (IP) Q1 Earnings Miss on Lower Prices [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About International Paper (IP) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- International Paper tops quarterly sales on higher prices, demand rebound [Reuters]Reuters
IP
Earnings
- 4/25/24 - Miss
IP
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form 8-K
- 4/16/24 - Form DEFA14A
- IP's page on the SEC website