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)