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Actionable news in KS: KAPSTONE PAPER AND PACKAGING CORPORATION,

International Paper Upgraded After Containerboard Price Increases

DA Davidson upgraded packaging maker International Paper (IP) to Buy from Neutral, saying that the company is benefiting from successful containerboard price increases, strong box shipments and a rebound in its pulp business.

PRICES, BOX SHIPMENTS: Two increases in containerboard prices were successfully implemented since International Paper reported its fourth quarter results, noted DA Davidson analyst Steven Chercover. Meanwhile, box shipments increased 3% in the...


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