International PaperNYSE: IP

International Paper (IP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

MEMPHIS, Tenn. , June 28, 2024 /PRNewswire/ -- International Paper (NYSE: IP) will release second-quarter 2024 earnings on July 24, 2024, before the opening of the New York Stock Exchange.

International Paper is no longer a target of Brazilian rival Suzano. The stock had spiked last month after reports of a potential deal first surfaced.

International Paper (IP) confirms that it cleared another hurdle for the acquisition of DS Smith, with the expiration of the waiting period under the Hart-Scott-Rodino Act.

Alongside reporting a fall in annual revenue and profits, DS Smith PLC boss Miles Roberts told reporters today that the £5.8 billion takeover of the cardboard box-maker by US rival International Paper is still going ahead, following speculation that the deal may be called off. Worries that the deal could be derailed have grown on reports that International Paper is fighting to block a potential $15 billion acquisition attempt by Brazilian giant Suzano.

Supporting rural communities, this largest grant slate in program history will impact more than 500,000 acres of longleaf pine habitat, increase longleaf seedling capacity, and improve wildlife populations across eight southern states Supporting rural communities, this largest grant slate in program history will impact more than 500,000 acres of longleaf pine habitat, increase longleaf seedling capacity, and improve wildlife populations across eight southern states

VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) -- Golden Sky Minerals Corp. (AUEN.V) (“Golden Sky” or “The Company”) is pleased to announce the results and preliminary interpretations from a ~15-line kilometre induced-polarization (IP) geophysical survey completed this spring at the Rayfield Zone on its 100%-owned Rayfield Copper-Gold Property in south-central British Columbia, Canada. The 35,000-hectare Rayfield property is located in the Quesnel terrane, British Columbia's primary copper-producing belt, which hosts Teck Resources' Highland Valley Mine, Imperial Metals' Mount Polley Mine, Centerra Gold's Mount Milligan Mine, and Kodiak Copper's MPD Project (Figures 1 & 2). The road-accessible Rayfield copper-gold property is located approximately 20 kilometers east of the town of 70 Mile House, British Columbia, and is accessible year-round by well-maintained service and logging roads extending from BC Highway 97.

International Paper has been active in consolidating its industry as a buyer, but the company is now also reportedly a target as well. Even if IP doesn't sell, there are multiple ways for investors to win from here.

International Paper was upgraded to a buy from a hold on the potential upside from restructuring and new management. The company is also rumored to be a takeover target.