WestRock price target raised to $51 from $42 at Truist

Truist raised the firm’s price target on WestRock to $51 from $42 but keeps a Hold rating on the shares after its Q2 earnings beat. The company had better operations in Consumer Packaging, but weaker performance in Corrugated Packaging, Global Paper, and Distribution segments, the analyst tells investors in a research note. Lower interest expense added 5c per share and a favorable tax rate also added 7c, Truist states. The firm is also boosting its FY24 EPS view by 25c to $2.15 and its FY25 view by 55c to $3.70.