International Paper price target raised to $55 from $52 at Truist

Truist raised the firm’s price target on International Paper to $55 from $52 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in Paper and Packaging. The quarter was a “mixed paper bag” for paper/forest products, with better containerboard demand and pricing, relatively stable boxboard demand and pricing, but weaker wood products demand and pricing, the analyst tells investors in a research note. The firm further cites demand in containerboard continuing to improve but with no new capacity being added in the near- term.