UPDATE: Goldman Sachs Starts WestRock LLC (WRK) at Neutral

September 22, 2016 6:44 AM EDT
Get Alerts WRK Hot Sheet
Price: $47.21 +1.66%

Rating Summary:
    5 Buy, 7 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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(Updated - September 22, 2016 9:18 AM EDT)

Goldman Sachs initiated coverage on WestRock LLC (NYSE: WRK) with a Neutral rating and a price target of $53. Analyst Brian Maguire said the company is best positioned to benefit if containerboard improves.

"We believe WRK is best positioned among Containerboard stocks in our coverage given its diversified boxboard exposure, valuation discount relative to peers, and self-help opportunities (MWV synergies, share repurchases). However, we remain on the sidelines until our view on Containerboard improves and/or US industrial production shows more signs of growth," said Maguire.

For an analyst ratings summary and ratings history on WestRock LLC click here. For more ratings news on WestRock LLC click here.

Shares of WestRock LLC closed at $48.29 yesterday.

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