International Paper's stock rose 6.5% after announcing robust 2027 targets and a $1.9B capital spending plan.

Trust Investment Advisors reduced its holdings in International Paper (IP) by 4.4% to 4,336 shares. Despite this, IP's stock surged by 6.5% on Tuesday due to a robust earnings outlook and plans to allocate $1.9 billion in capital spending to improve efficiency and focus on higher-value markets. The company set 2027 targets of $26-28 billion in net sales and $2-2.5 billion in free cash flow. International Paper also announced it would continue to optimize its production footprint by closing more plants.