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).

Download full report with analyst certification and important disclosures

Nov 5 2024, 07:00 GMT

Download