Entry level $40.71 = Target price $45.00 = stop loss $39.00
WestRock rating change at BofA/Merrill WestRock upgraded to Buy from Neutral at BofA/Merrill. BofA/Merrill analyst George Staphos upgraded WestRock to Buy from Neutral with a $48 price target. The analyst notes that his takeaway from investor events attended last week suggests that the macro and sector trends for integrated containerboard companies are stable to improving and also believes that the risks in the industry are "not new". Staphos adds that containerboard demand trends in North America appear to be improving, even it is "only a seasonal bump". Read more at: thefly.com/land...ingPageNews.php?id=2995183...
Company profile
WestRock Co. engages in the provision of paper and packaging solutions. It operates through the following segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment consists of its containerboard mill and corrugated packaging operations, as well as recycling operations. The Consumer Packaging segment includes consumer mills, folding carton, beverage, merchandising displays, and partition operations. The Land and Development segment sells real estate primarily in the Charleston, South Carolina region. The company was founded on March 6, 2015 and is headquartered in Atlanta, GA.
WestRock rating change at BofA/Merrill WestRock upgraded to Buy from Neutral at BofA/Merrill. BofA/Merrill analyst George Staphos upgraded WestRock to Buy from Neutral with a $48 price target. The analyst notes that his takeaway from investor events attended last week suggests that the macro and sector trends for integrated containerboard companies are stable to improving and also believes that the risks in the industry are "not new". Staphos adds that containerboard demand trends in North America appear to be improving, even it is "only a seasonal bump". Read more at: thefly.com/land...ingPageNews.php?id=2995183...
Company profile
WestRock Co. engages in the provision of paper and packaging solutions. It operates through the following segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment consists of its containerboard mill and corrugated packaging operations, as well as recycling operations. The Consumer Packaging segment includes consumer mills, folding carton, beverage, merchandising displays, and partition operations. The Land and Development segment sells real estate primarily in the Charleston, South Carolina region. The company was founded on March 6, 2015 and is headquartered in Atlanta, GA.