WestRock price target raised to $39 from $35 at Citi

Citi analyst Anthony Pettinari raised the firm’s price target on WestRock to $39 from $35 and keeps a Neutral rating on the shares. While the company’s fiscal Q4 results and Q1 guide were "soft," its fiscal 2023 outlook was "relatively upbeat," Pettinari tells investors in a research note. The analyst, however, remains cautious as he expects containerboard prices to fall into calendar Q1 of 2023.