Deutsche raises its price target for International Paper (IP +3.1%) to $41 from $39 following...

|About: International Paper Co. (IP)|By:, SA News Editor

Deutsche raises its price target for International Paper (IP +3.1%) to $41 from $39 following the company's announcement of an agreement with the DoJ on Friday for its purchase of Temple-Inland (TIN). Deutsche says the deal should to be neutral to FY12 earnings, and adds that it's surprised that IP won't be forced to divest any converting assets.