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logoArgusAugust 21, 2020

International Paper Company: Lowering rating to HOLD

Symbols
IP
Sector(s)
Consumer Cyclical
Rating
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Current Price
$48.81
Price Target
$NaN
Earnings Estimate
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Summary

International Paper is a global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, India and Russia. The company is headquartered in Memphis, Tennessee. It has 50,000 employees and serves more than 25,000 customers in 150 countries.

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Analyst Profile

David E. Coleman

Securities Analyst and Quantitative Portfolio Strategist
At Argus Research, David covers various Airline, Tobacco and Materials companies and is also a quantitative portfolio strategist. He received his undergraduate degree from Edinboro University of Pennsylvania, graduating magna cum laude with a Bachelor of Science degree in Biology and a minor in Psychology. Prior to joining Argus, David worked in a variety of industries, ranging from industrial engineering to commercial fishing. David is the great-grandson of Harold B. Dorsey, who founded Argus in 1934. He started his career at Argus in the Economics department.