On October 16, International Paper rose 6.93% in Regular Trading, trading at $34.005/share, with turnover of $1.43 billion.

The clearest recent catalyst was a fresh round of analyst updates: Truist cut its price target to $41 from $49 while maintaining a Buy rating, following UBS lowering its target to $35 with a Neutral rating and Citigroup trimming its target to $47 while keeping Buy. Despite these reductions, the cited average analyst target remained above the current share price, supporting the stock’s rebound.

Additional recent support came from the company’s decision to maintain its quarterly dividend at $0.4625 per share, while investors are also looking ahead to the next earnings release on October 28, when consensus expects EPS of $0.30.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)