WestRock price target raised to $57 from $51 at Truist

Truist analyst Michael Roxland raised the firm’s price target on WestRock to $57 from $51 and keeps a Hold rating on the shares as part of a broader research note on Containerboard names. Multiples across the containerboard producers have increased in recent weeks due to improving demand fundamentals, near-term supply discipline, further potential M&A activity, and rising market valuations, the analyst tells investors in a research note.