Westrock Coffee price target raised to $12 from $11 at Stifel

Stifel raised the firm’s price target on Westrock Coffee to $12 from $11 and keeps a Buy rating on the shares. A visit to Westrock Coffee earlier this week and talks with its CEO, CFO, and other executives, as well as a visit to the company’s Conway facility that is under construction, reinforced the firm’s thesis that Westrock is “well positioned as the brand behind the brand for the expansion and evolution of the coffee category.” The firm sees Westrock nearing “a transformational moment” with the Conway facility expected to begin production in mid-2024, the analyst added.