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Schaeffer's Street Stories: Put Trading Spikes on International Paper Company as Analysts Weigh In

  //house-home.news-articles.net/content/2009/02/0 .. national-paper-company-as-analysts-weigh-in.html
  Published in House and Home on Tuesday, February 3rd 2009 at 10:36 GMT, Last Modified on 2009-02-03 10:36:39 by Market Wire
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CINCINNATI--([ BUSINESS WIRE ])--Analysts are battling it out over International Paper Company (NYSE: IP). The stock was dealt a damaging downgrade Monday by Goldman Sachs, which predicted a first-quarter loss for the firm and warned that IP may cut its dividend. However, the shares awoke this morning to an upgrade from BMO Capital, which hiked its rating on IP from "market perform" to "outperform."

Unfortunately, today's upgrade wasn't exactly an all-out bullish endorsement. BMO cited the stock's price depreciation for the boost to "outperform" -- and, speaking of depreciation, IP fell today to a new annual low for the second consecutive session.

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