International Paper (NYSE:IP) is one of the 8 best paper and plastic packaging stocks to buy according to hedge funds.
On February 2, Citi analyst Anthony Pettinari increased his price target on International Paper from $46 to $47. The analyst maintained a Buy rating on the stock, even after the company reported “light” fourth-quarter results and a similar outlook for the coming year.
Back on January 30, Gabrial Hajde of Wells Fargo upgraded his rating on International Paper from Underweight to Equal Weight. The analyst also increased the price target from $36 to $40.
Hajde reflected upon the company’s PSNA operations that have exhibited “step-change improvements” in the past couple of years. Negating his previous views on managing two distinct markets, the analyst now sees “a more balanced risk/reward profile” and has also aligned his stance with management that regions are better as independent companies.
International Paper is a provider of renewable fiber-based packaging and pulp products, with a focus on consumer and industrial packaging. The business is structured into 2 segments: Industrial Packaging and Global Cellulose Fibers. In 2025, the company expanded its presence in North America and EMEA through the acquisition of DS Smith.
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This article is originally published at Insider Monkey.
