Smurfit Westrock Announces €100/MT Price Increase in Europe
Fastmarkets RISI reported that Smurfit Westrock (SW) announced a EUR 100/MT price increase for recycled containerboard in Europe effective immediately, which is positive for SW and International Paper (IP), Truist tells investors in a research note. The firm, which has a Buy rating and $60 price target on Smurfit Westrock and a Buy rating and $48 price target on International Paper (IP), believes the announcement could be followed by similar announcements from other producers.
