Westrock Coffee initiated with a Buy at Truist

Truist initiated coverage of Westrock Coffee with a Buy rating and $10 price target Westrock Coffee is well-positioned to expand margins and achieve a higher multiple due to the buildout of a new facility in Conway, Arkansas, specializing in coffee-based ready-to-drink beverage manufacturing, the analyst tells investors in a research note. The firm feels Conway-related upside should provide an offset to unforeseen difficulties in the legacy business moving forward.