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Smurfit Westrock price target lowered to $61 from $63 at BofA

BofA analyst Patrick Mann lowered the firm’s price target on Smurfit Westrock (SW) to $61 from $63 and keeps a Buy rating on the shares. Smurfit Westrock should improve margins and returns over time on operational improvements and “value over volume” focus, the analyst tells investors in a research note. Consistent and clear messaging and successful execution will be key to “closing the discount” that Smurfit Westrock trades at relative to North American peers, BofA argues.

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