Wells Fargo lowered the firm’s price target on Smurfit Westrock to $50 from $53 and keeps an Equal Weight rating on the shares. The firm believes the cboard industry is still in the middle inning of the price upcycle, as Wells envisions another 1M-plus tonnes of capacity taken out in the next 12-24M.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SW: