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RBC Capital Sticks to Their Buy Rating for Smurfit Westrock (SW)

RBC Capital analyst Matt McKellar reiterated a Buy rating on Smurfit Westrock (SWResearch Report) yesterday and set a price target of $58.00. The company’s shares closed yesterday at $50.35.

According to TipRanks, McKellar is a 5-star analyst with an average return of 23.1% and a 66.28% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, Clearwater Paper, and Mercer International.

Smurfit Westrock has an analyst consensus of Strong Buy, with a price target consensus of $58.43, representing a 16.05% upside. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $64.00 price target.

SW market cap is currently $26.11B and has a P/E ratio of 20.70.

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Smurfit Westrock (SW) Company Description:

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services and custom, and proprietary and standard automated packaging machines, turn-key installation, automation, line integration, and packaging solutions, machinery solution that creates pouches, and pack temporary displays, as well as lithographic laminated packaging products.

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