Smurfit Westrock initiated with a Buy at Truist

Truist initiated coverage of Smurfit Westrock (SW) with a Buy rating and $62 price target Smurfit WestRock, a multinational provider of sustainable fiber-based paper and packaging solutions formed through the combination of Smurfit Kappa and WestRock in 2024, is the second largest producer of containerboard in North America and the largest producer in Europe as well as one of the largest North American producers of boxboard, the analyst noted. The firm sees the U.S. containerboard cycle, as well as improving operations, asset optimization, and leverage, as positives.