International Paper Co (NYSE:IP) was downgraded by investment analysts at RBC Capital to a “sector perform” rating in a research note issued on Monday, Analyst Ratings Network.com reports.
Other institutional investors have recently modified their holdings of the company. Honeywell International Inc. boosted its position in shares of International Paper by 13.0% in the fourth quarter. Honeywell International Inc. now owns 713,700 shares of the company’s stock valued at $26,906,000 after buying an additional 82,000 shares in the last quarter.
Source: American Banking and Market News