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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WRK: