Sonoco Raises Paperboard Prices in Europe Amid Inflation
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International Paper, a global leader in the packaging and paper industry, has received an upgrade from Citi. The investment bank has raised its rating on International Paper from Neutral to Buy and increased its price target to $46. The upgrade comes after the recent appointment of Andrew Silvernail as the new CEO of International Paper. Citi believes that Silvernail's leadership could bring positive changes to the company, which has faced challenges in the past. The bank acknowledges the efforts of outgoing CEO Mark Sutton but believes that the task of simplifying the company's operations is only partially complete. The appointment of Silvernail is seen as a pivotal moment for International Paper, and Citi's revised rating reflects renewed confidence in the company's trajectory.
Interna...
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