Westrock Coffee price target raised to $14 from $13 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Westrock Coffee to $14 from $13 and keeps an Outperform rating on the shares. The company’s Q1 results missed expectations, mostly due to weak demand for roast and ground coffee, the analyst tells investors. In the firm’s view, the opening of its Conway, Arkansas extract and ready-to-drink facility is a transformative milestone, which should fuel strong sales and earnings growth. Westrock is in the early stages of multi-year sales and profit growth, the firm argues.