Smurfit Westrock price target lowered to $52 from $54 at Barclays

Barclays analyst Pallav Mittal lowered the firm’s price target on Smurfit Westrock (SW) to $52 from $54 and keeps an Overweight rating on the shares. The firm updated models in the European paper and packaging space post the Q1 reports. Higher inflation could delay a volume recovery and higher costs could squeeze margins in the near-term despite price increases, the analyst tells investors in a research note. Barclays’ preferred name is Smurfit Westrock and its least preferred name is Mondi.