KeyBanc Downgrades WestRock LLC (WRK) to Sector Weight

KeyBanc downgraded WestRock LLC (NYSE: WRK) from Overweight to Sector Weight. Analyst Adam J. Josephson noted concerns about industry fundamentals.

"We are downgrading WRK from an Overweight to a Sector Weight rating on account of our concerns about containerboard and boxboard industry fundamentals. We think highly of WRK’s management team and of the potential merger-related synergies, but our heightened concerns about supply/demand dynamics in two of WRK’s biggest markets now offset our enthusiasm for management and the deal," said Josephson.

For an analyst ratings summary and ratings history on WestRock LLC click here. For more ratings news on WestRock LLC click here.

Shares of WestRock LLC closed at $59.68 yesterday.

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