RBC Capital positive on containerboard stocks

|By:, SA News Editor

RBC Capital weighs in on the paper sector on a positive view of North American fundamentals.

The firm lifts its rating on WestRock (WRK +4.8%) to Outperform and sets a price target of $59 (+14% upside).

International Paper (IP +2%) also earns a boost to Outperform and lands a price target of $56 (+8% upside).

Yesterday, containerboard stocks jumped off of positive pricing data.

Previously: Paper stocks active after March data read (April 18)