As previously reported, Wells Fargo analyst Gabe Hajde downgraded WestRock (WRK) to Equal Weight from Overweight with a price target of $45, up from $42, given the pending merger with Smurfit Kappa (SMFKY) removes upside catalysts. The firm doesn’t believe there are competing bids and thinks the stock is fairly valued at the current offer price.
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Read More on WRK:
- WestRock price target raised to $48 from $40 at Truist
- Early notable gainers among liquid option names on December 27th
- WestRock price target raised to $45 from $40 at BofA
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- Early notable gainers among liquid option names on November 28th
