WestRock price target raised to $50 from $42 at Argus

Argus analyst John Eade raised the firm’s price target on WestRock to $50 from $42 and keeps a Buy rating on the shares. The company is well-positioned to benefit from long-term growth in E-commerce, and while its cyclical business is currently going through a challenging period, volume is starting to pick up and management has an ambitious cost-cutting program in place, the analyst tells investors in a research note.