International Paper price target lowered to $62 from $64 at RBC Capital

RBC Capital lowered the firm’s price target on International Paper (IP) to $62 from $64 and keeps an Outperform rating on the shares. The macro outlook has become significantly more clouded since the start of the year, with tariffs and trade and the implications for growth and inflation squarely in the spotlight over the last couple of months, the analyst tells investors in a research note. The firm expects that the trajectory of demand could be at least as important as the direct implications of any tariffs for much of its Paper & Forest Products coverage group.