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Comerica Bank Sells 485,133 Shares of International Paper Company $IP
Comerica Bank significantly reduced its stake in International Paper Company by selling 485,133 shares, an 80.2% cut, leaving it with approximately $4.71 million worth of shares. This divestment follows International Paper missing Q1 earnings expectations, which led to analyst downgrades and lower price targets. Despite these headwinds, the company has bolstered its liquidity through asset sales and is forecasting positive EBITDA and free cash flow for 2026, while insiders have purchased stock.