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Nov 5 2024, 07:00 GMT
Paper & Packaging
Pricing power with capital discipline
- Sectors : Paper & Packaging
- Companies : Smurfit Westrock | International Paper
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Smurfit Westrock | OUTPERFORM | 08/07/24 | N/A | N/A | 5146c |
| International Paper | NEUTRAL | 08/07/24 | N/A | N/A | 5577c |
DAVY VIEW
The Q3 2024 results of US packaging leaders International Paper (IP) and Smurfit Westrock (SW) demonstrated strong box pricing power, with capital discipline via mill and box plant closures, supporting 2025E profit growth and a positive re-rating. SW remains our preferred US packaging pick with an increased $63 price target (PT).
