WestRock price target raised to $57 from $50 at Argus

Argus raised the firm’s price target on WestRock to $57 from $50 and keeps a Buy rating on the shares after its Q2 earnings last week. The company looks well positioned to benefit from long-term growth in e-commerce, and while it is currently going through a challenging period with sales and earnings in the latest quarter both declining from the prior year, volume is starting to pick up and its management has an ambitious cost-cutting program in place, the analyst tells investors in a research note.