Truist: 'Smurfit Westrock (SW) Shares Could Rerate Given Its Performance'

Truist Securities analyst Michael Roxland reiterated a Buy rating and $54.00 price target on Smurfit Westrock (NYSE: SW).

The analyst commented: "We had the pleasure of hosting SW President & Group CEO Tony Smurfit and Group VP of Investor Relations Ciarán Potts at several investor meetings. We came away increasingly positive on SW’s execution and progress in integration and synergy attainment and acknowledge that SW’s transformation is multiyear and multifaceted. We also believe there could be upside to the company’s targeted $400mn+ in commercial and operating opportunities, which it should benefit from over the next several years. Ultimately, we believe that SW’s shares could rerate given its performance and be supported by more disciplined North America supply-demand dynamics, normalizing European supply-demand dynamics, and a positive near-term North America containerboard pricing cycle."

For an analyst ratings summary and ratings history on Smurfit Westrock click here. For more ratings news on Smurfit Westrock click here.

Shares of Smurfit Westrock closed at $41.98 yesterday.

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