INTERNATIONAL PAPER (IP $18.74, rating lowered to Neutral from Overweight) RATING REDUCED TO NEUTRAL AS STOCK PRICE NEAR OUR TARGET AND NON-CONTAINERBOARD END MARKETS STAGNANT 7/30/2009

INTERNATIONAL PAPER (IP $18.74, rating lowered to Neutral from Overweight)
RATING REDUCED TO NEUTRAL AS STOCK PRICE NEAR OUR TARGET AND
NON-CONTAINERBOARD END MARKETS STAGNANT 7/30/2009