International Paper’s stock surged five percent after JPMorgan upgraded its rating to overweight and raised its price target, fueled by the company’s announcement of a $140-per-ton price hike for U.S. kraftliner—a move seen as a major step toward stronger pricing power. Though the rally cooled slightly, market attention is firmly on this development. Still, the stock’s longer-term performance tells a more nuanced story: up for the year but still below its July peak, and some long-term holders are currently in the red. This is one to watch as momentum builds.

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