WestRock Reports Solid Results in Fourth Quarter and Fiscal 2016

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Jefferies Cuts Price Target on WestRock (WRK) to $59 Following 3Q

November 8, 2016 7:54 AM EST

Jefferies maintained a Buy rating on WestRock LLC (NYSE: WRK), and cut the price target to $59.00 (from $62.00), following the company's 3Q earnings report. WRK's guidance assumes $175-200 mil of input cost inflation. Inflation should primarily be driven by higher OCC & energy/diesel costs, but... More