Truist analyst Michael Roxland writes that the disclosure by Fastmarkets RISI that Saica announced a EUR 60/MT price increase on recycled containerboard, RCCM, deliveries across most of Europe beginning April 1 is positive for Smurfit Westrock (SW) and International Paper (IP). The firm cites the companies’ recent acquisition of EU producer DS Smith, also keeping a Buy rating on both names with unchanged respective price target s of $62 and $64 per share.
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