Smurfit Westrock price target lowered to $63 from $64 at Barclays

Barclays lowered the firm’s price target on Smurfit Westrock (SW) to $63 from $64 and keeps an Overweight rating on the shares. As the firm updates estimates in the European Forestry, Paper and Packaging space, it calls Smurfit Westrock its preferred name, citing strong U.S. containerboard operations to offset weakness elsewhere, supported by “synergies and cheap valuation.”