Smurfit Westrock price target raised to $61 from $58 at RBC Capital

RBC Capital raised the firm’s price target on Smurfit Westrock (SW) to $61 from $58 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for Paper & Forest Products names. Smurfit operates high-quality and high-value assets globally, so the secular decline in UFS – uncoated freesheet – demand is unlikely to have a material effect on earnings for some time, the analyst tells investors in a research note. RBC adds that it is still anticipating cycles of industry over-and-under capacity, during which the company will experience periods of strong and weaker free cash flow generation, but also sees Smurfit faring “significantly better” than its competitors.