International Paper raised at J.P. Morgan on improving U.S. linerboard pricing cycle (IP:NYSE)

J.P. Morgan has upgraded International Paper (IP) to Overweight with an increased price target of $61, up from $51. This upgrade is driven by an improving U.S. linerboard pricing cycle, which is expected to boost earnings for corrugators. Following this news, International Paper's stock rose by 3.6% in Tuesday's trading.